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Former PUP Owners Drop Suit

sandeepbajaj_1.jpg
The Florida Channel
Leon County Judge John Cooper on June 30, 2022, in a screen grab from The Florida Channel.

The former owners of the now-defunct Physician United Plan have dropped a lawsuit that accused the accountants who worked for the Medicare Advantage plan of hiding its financial woes from state regulators, the Ocala Star-Banner reports.

Drs. Sandeep and RohiniBajaj of Orlando had filed the lawsuit in October 2014 and were seeking more than $500 million in damages from Illinois-based McGladrey LLP. Florida’s Department of Financial Services took over operation of PUP in early June 2014, when it was more than $13 million in debt and unable to pay many creditors.

 

Originally founded in December 2006 as an independent grassroots publication dedicated to coverage of health issues in Florida, Health News Florida was acquired by WUSF Public Media in September 2012.