NEW YORK, April 6, 2017 /PRNewswire-USNewswire/ -- Wolf Popper LLP announces Quest Diagnostics Inc. (Quest) (NYSE: DGX) and Laboratory Corporation of America Holdings (LabCorp) (NYSE: LH) were sued in the United States District Courts in the District of New Jersey (17-cv-1590) and Middle District of North Carolina (17-cv-193), respectively, by classes of customers alleging that these laboratories overcharged for diagnostic tests by billing them fees far in excess of the market rates negotiated at arm's length with third party payers, such as insurance companies. Plaintiffs had no agreement with the respective labs, and when their insurance companies did not pay their claims, the labs unilaterally charged them excessive, non-market based rates.
Robert Finkel, plaintiffs' attorney with the law firm Wolf Popper LLP said; "The lab companies have two fee schedules – they charge market prices to people with insurance and grossly exaggerated fees to people without insurance. Patients reasonably assumed that the tests are covered by insurance or Medicare, or that the fees will be reasonable market prices, and are not in a position to negotiate the lab companies' excessive rates, as are insurance companies. This business practice leads to persons who least can afford it being saddled with hundreds if not thousands of dollars of excessive diagnostic bills."
Consumers with similar claims are encouraged to call Wolf Popper LLP to discuss their issues.
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SOURCE Wolf Popper LLP