Medicare Cost Collector Targets Asbestos Chapter Trusts

A set agent for Medicare service suppliers is suing one of many dozens of trusts established by bankrupt asbestos producers and plans to pursue others, alleging they’ve systematically shifted the burden of treating asbestos-related diseases to the general public.

MSP Restoration LLC mentioned in courtroom papers earlier this week it had recognized 60 asbestos compensation trusts nationwide that fail to reveal settlement funds made to asbestos damage victims and to reimburse Medicare suppliers for these peoples’ healthcare prices.

Asbestos trusts established by chapter courts have dispersed billions of {dollars} in current a long time to victims of mesothelioma and different asbestos-related cancers. MSP’s courtroom submitting focused the belief established out of the 2002 chapter of former industrial gear maker J.T. Thorpe Inc., saying it and others have did not notify or reimburse Medicare when paying compensation to individuals who had been handled within the Medicare system.

The lawsuit, filed within the U.S. Chapter Court docket in Los Angeles, mentioned these chapter trusts “routinely and constantly shirk reporting and reimbursement obligations beneath the legislation,” inflicting “staggering monetary losses” for Medicare Benefit organizations, physicians’ teams and different healthcare payers.

The J.T. Thorpe belief’s govt director, Steven L. Bray, mentioned it “believes the criticism filed by MSP Restoration and the associated allegations are with out advantage and can vigorously defend itself.”

Source link