Health Care + Med Tech

Four MN Insurers to Return $73M to State

HealthPartners, Medica, Blue Cross and Blue Shield of Minnesota, and UCare last year agreed to cap their 2011 profits from insurance coverage to low-income Minnesotans at an amount equal to 1 percent of revenue; they pledged to return the rest to taxpayers.

Medtronic Pays $85M to Settle Shareholder Lawsuit

The lawsuit claimed that Medtronic did not disclose to shareholders the adverse effects of its Infuse product, illegally marketed the product for uses not approved by regulators, and did not disclose to shareholders how much of the company's revenue from Infuse came from these unapproved uses.
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