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Member, Beacon International Group, Ltd.
Sharity Ministries, a Christian nonprofit that offers health cost-sharing as an unconventional alternative to health insurance, has filed for bankruptcy, reports the Concord Monitor. Clients buy into the program — at a rate usually much lower than the cost of conventional insurance — with no legal assurance that the organization will pay for medical claims. Sandy Springs, Ga.-based Sharity has been a target of state lawsuits and investigations.