FTC reaches a $ 145 million settlement with Prudntial, Mediaalpha on alleged fraud

First on the fox: the Federal Trade Committee (FTC) announced on Thursday that it had reached huge settlement agreements in a pair of lawsuits claiming two companies, guaranteeing intelligence and mediaalpha, and misleading consumers on health care services and bombing them with Robocalls.

The joint settlements are 145 million dollars and are part of a wider effort to address what Christopher Movarig, director of the Consumer Protection Office says, are practices to generate driving by companies that violate the FTC law and phone marketing rules.

“Treating illegal lead in a coherent and regular way for FTC,” MufarriGe said in a statement presented to Fox News Digital. “This is a special matter with regard to health insurance, one of the most expensive products that consumers buy to protect themselves and their families.”

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The Federal Trade Committee said that Mediaalpha and Assuance IQ have transferred inaccurate information about consumers health insurance plans and the abuse of personal data they acquired from consumers to target them using continuous phone calls in phone marketing.

Mediaalpha, a technology The company, seeks information from people in exchange for selling health insurance options for them. However, Mediaalpha agreed to pay $ 45 million in response to FTC’s demand in a complaint that the company “actually (sells) its consumers is nothing.” Instead, it is claimed that he is involved in the inconvenience and the sale of contact information that he reaps to phone marketing.

“Many consumers have received dozens or even hundreds of this demand within days, and interventions can last for several months,” FTC.

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FTC said that Assuance IQ, a technology platform captured by Prudential Financial in 2019, but was closed after years, has misled consumers about health plans and agreed to pay $ 100 million as a result. Reuters I mentioned for the first time about the settlement of the confirmation.

It is claimed that the market is remotely to ensure intelligence claims that consumers about the healthcare coverage plans they were selling, including by calling for plans that have previously covered the existing conditions.

Fox Business has arrived at Mediaalpha for comment.

PRUDENTAAAL said in a statement presented to Fox Business that it requires organizational compliance seriously and note that the confirmation is no longer the work rate.

The company said in a statement, “There are no of these allegations against Prudential, but rather it involves the historical operations of an acquired company that no longer operates,” the company said in a statement. “The solution to this issue because the previous actions are in the interest of all parties concerned with focusing on the future. It is a pleasure that this issue be settled so that we can continue to give priority to our basic works and capabilities.”

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Chris Bessix, Deputy Director of Public Affairs FTCFox News Digital told the settlements an example of the countless roads monitored by the Federal Trade Committee for anti -competition practices in the healthcare industry.

“Unprecedented and misleading practices when it comes to health care is concerned because they can affect the consumer governor and their health,” said Pesxx. “These settlements are one of the many ways in which FTC is searching for consumers in the field of health care.”