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Employee Benefits

Court orders liquidation of Bright Health's subsidiary

December 06, 2023 Reprints

The Texas Department of Insurance was granted permission to seize Bright Health Group's Texas subsidiary and place it into receivership and liquidation for defaulting on $89.6 million in risk adjustment transfer payments, Fierce Healthcare reports. This blocks the state from collecting the remaining funds owed from Bright's $380 million repayment agreement with CMS across four states.

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Court orders liquidation of Bright Health's subsidiary

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