The Health Care Price Relief Act would create a committee to set health care reimbursements for providers in the private-insurance market serving employers and individuals.
The funds were recovered from prevention and enforcement actions against individuals and organizations engaged in alleged fraud against Medicare and Medicaid and other government programs.
The plaintiff states will divide the settlement funds. California, Connecticut, New York, Georgia and the District of Columbia were among the states that challenged the proposed $54 billion tie-up.