Bankrupt Health Insurance Companies

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Healthcare bankruptcies are rising. Here are five major filings so …

(8 days ago) WebSo far this year, over 80 healthcare companies with more than $10 million in liabilities have filed for bankruptcy (including Chapter 11, Chapter 7, Chapter 9 and Chapter 15), according to data

https://www.healthcaredive.com/news/healthcare-bankruptcies-rising-five-major-filings-2023/700132/

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Healthcare bankruptcies in 2023 hit highest level in 5 years

(6 days ago) WebPacs Group closes IPO, raises $450M. The Gibbins Advisors report found 79 healthcare companies with more than $10 million in liabilities filed for bankruptcy …

https://www.modernhealthcare.com/finance/healthcare-bankruptcies-2023-gibbins-advisors

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Healthcare bankruptcies reached five-year peak in 2023, report finds

(5 days ago) WebResearchers logged 79 Chapter 11 bankruptcies for companies with liabilities of at least $10 million last year, more than three times the number of 2021 filings.

https://www.healthcaredive.com/news/healthcare-bankruptcies-spike-2023-gibbins-advisors/705738/

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Major health insurance companies nearing too big to fail status

(5 days ago) WebHealth insurance companies have swelled in both size and scope over the last decade, with the revenues of six for-profit parent companies making up nearly 30% …

https://www.axios.com/2024/04/19/health-insurance-companies-uhg-aetna-cigna

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Steward bankruptcy likely as massive debt remains, with few …

(9 days ago) WebSteward Health Care’s forbearance period ends in less than 15 days. Analysts say this time, creditors are unlikely to extend the embattled company another …

https://www.healthcaredive.com/news/steward-health-care-bankruptcy-risk/712899/

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Healthcare Sector Bankruptcies Are On The Rise - Forbes

(5 days ago) WebEarlier this year, the company formally declared that it would be pursuing restructuring and Chapter 11 Bankruptcy proceedings, given mounting financial …

https://www.forbes.com/sites/saibala/2023/08/27/healthcare-sector-bankruptcies-are-on-the-rise/

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US healthcare bankruptcies soar as costs mount - Financial Times

(3 days ago) WebEighteen companies with liabilities of more than $100mn, including radiotherapy and medical staffing services and a community hospital, filed for Chapter 11 …

https://www.ft.com/content/65dfbc81-2641-48fa-a40a-647076943194

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Bankruptcies Soared Among Health Care Companies Last Year

(1 days ago) WebThe advisory firm's report, which looked at Chapter 11 bankruptcy case filings from 2019 to 2023, found 79 healthcare companies with more than $10 million in …

https://kffhealthnews.org/morning-breakout/bankruptcies-soared-among-health-care-companies-last-year/

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14 healthcare bankruptcies in 2021 - Becker's Hospital Review

(5 days ago) Web14 healthcare bankruptcies in 2021. Business bankruptcies have fallen to historic lows this year thanks in part to a flood of liquidity keeping companies afloat …

https://www.beckershospitalreview.com/finance/14-healthcare-bankruptcies-in-2021.html

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How Friday Health Plans insolvency will affect policyholders in five

(3 days ago) WebUPDATE – July 18, 2023: Colorado regulators have announced that Friday Health Plans policies in Colorado will terminate August 31, 2023. A special enrollment period began …

https://www.healthinsurance.org/blog/how-friday-health-plans-insolvency-will-affect-policyholders-in-five-states/

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PE-Owned Health Care Saw Bankruptcy Surge as Playbook Failed

(4 days ago) WebPE-backed firms accounted for at least 17, or about a fifth, of the 80 bankruptcies of health-care companies last year, the Private Equity Stakeholder Project …

https://www.bloomberg.com/news/articles/2024-04-17/pe-owned-health-care-saw-surge-in-2023-bankruptcies-report-says

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FTC Action Against Benefytt Results in $100 Million in Refunds for

(9 days ago) WebThe Federal Trade Commission is taking action against healthcare company Benefytt Technologies, two subsidiaries, former CEO Gavin Southwell, and …

https://www.ftc.gov/news-events/news/press-releases/2022/08/ftc-action-against-benefytt-results-100-million-refunds-consumers-tricked-sham-health-plans-charged

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Why Experts Saw Cano Health’s Bankruptcy Coming From A Mile …

(6 days ago) WebTrayt Health and MedCity News. In a filing with the U.S. Bankruptcy Court for the District of Delaware, Cano reported $1.2 billion in assets and $1.4 billion in debt. The …

https://medcitynews.com/2024/02/bankruptcy-healthcare-primary-care-medicare-advantage/

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List of bankruptcies of insurance companies in USA - Atlas Mag

(7 days ago) WebBased in California, the life company had to file for bankruptcy in 1991 following disastrous investments in junk bonds. List of major bankruptcies of insurance …

https://www.atlas-mag.net/en/article/bankruptcy-of-insurance-and-reinsurance-companies-in-the-usa

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Bankruptcy ACA Insurance Companies Health Care Industry …

(3 days ago) WebThe index reviews bankruptcy filings for entities with more than $1 million in assets that self-designate as “health care” entities under Chapters 9, 11, or 15 of the …

https://www.eisneramper.com/insights/health-care/health-care-distress-mergers-0416/

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Medical Bankruptcy: Still Common Despite the Affordable Care Act

(3 days ago) WebThe ACA both expanded and upgraded health insurance coverage, banning preexisting illness exclusions, imposing a cap on out-of-pocket spending, and mandating coverage …

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6366487/

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Are You Protected if Your Insurance Company Goes Belly-Up?

(7 days ago) WebAccording to the National Organization of Life and Health Insurance Guaranty Associations (NOLHGA), no life insurance companies have filed for …

https://www.investopedia.com/articles/insurance/09/insurance-company-guarantee-fund.asp

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New Jersey Life & Health Insurance Guaranty Association - Welcome

(5 days ago) WebOn March 1, 2017, Penn Treaty Network America Insurance Company (Penn Treaty) and its wholly owned subsidiary, American Network Insurance Company (ANIC), were …

https://www.njlifega.org/

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What Happens If Your Health Insurance Company Goes Bankrupt?

(1 days ago) WebThe company shuts down entirely and liquidates its assets to satisfy its creditors’ financial claims. Health insurance companies that become insolvent and enter bankruptcy can …

https://cosmoins.com/what-happens-if-your-health-insurance-company-goes-bankrupt/

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What Happens If Your Insurance Company Files Bankruptcy - The …

(5 days ago) WebGuaranty Association. When an insurance company goes through bankruptcy, the insurance coverage will continue, and policy claims will be covered …

https://www.thebalancemoney.com/what-happens-if-your-insurance-company-files-bankruptcy-2388607

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Your Employer's Bankruptcy - How Will it Affect Your …

(7 days ago) WebA Chapter 11 bankruptcy may or may not affect your retirement or health plan. In some cases, plans continue to exist throughout the reorganization process. In a Chapter 7 …

https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/fact-sheets/your-employers-bankruptcy.pdf

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Steward bankruptcy, management change possible, state officials …

(7 days ago) WebTAUNTON — Massachusetts officials are bracing for a potential bankruptcy filing by Steward Health Care as the cash-strapped hospital system nears a deadline to …

https://www.bostonglobe.com/2024/04/24/business/steward-bankruptcy/

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Biden’s Collusion with Private Insurance Companies Could Harm …

(9 days ago) WebBiden’s rule forcing termination of short-term health plans doesn’t help patients, but it does help insurance providers.

https://www.nationalreview.com/2024/04/president-bidens-collusion-with-private-insurance-companies-could-harm-patients/

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Healthcare company bankruptcies up 84% in 2022

(9 days ago) WebChapter 11 bankruptcy filings for healthcare companies were 84% higher in 2022 compared to 2021, according to a recent report from advisory firm Gibbins …

https://www.healthcaredive.com/news/healthcare-company-bankruptcies-2022-hospitals-senior-care-pharma/640504/

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What Happens to Employee Insurance Benefits When Bankruptcy …

(2 days ago) WebChapter 11 Bankruptcy. If your employer files for Chapter 11 bankruptcy, it may drop its employee insurance benefits, cut employees' hours, or lay people off. If …

https://www.investopedia.com/articles/insurance/09/employee-benefit-bankruptcy.asp

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Florida’s Home Insurance Industry May Be Worse Than Anyone

(7 days ago) Web(Bloomberg) -- Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, …

https://www.yahoo.com/news/florida-home-insurance-industry-may-110021996.html

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Health insurance giant Kaiser will notify millions of a data breach

(5 days ago) WebThe health giant also filed a legally required notice with the U.S. government on April 12 but made public on Thursday confirming that 13.4 million residents had …

https://techcrunch.com/2024/04/25/kaiser-permanente-health-plan-millions-data-breach/

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Bankrupt NJ Hospital Sues To Delay Provider Pullout - Law360

(Just Now) WebBankrupt Christ Hospital in Jersey City, N.J., filed suit Tuesday to block a company from ending the emergency medical services it provides at the facility after June 30, warning …

https://www.law360.com/articles/345292/bankrupt-nj-hospital-sues-to-delay-provider-pullout

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Seven A-Rated Florida Insurance Companies go Bankrupt - MSN

(3 days ago) WebFrom 2021 to 2022 seven top-rated home insurance companies in Florida have shut down, with 2024 expected to be one of the most active Atlantic hurricane …

https://www.msn.com/en-us/video/money/seven-a-rated-florida-insurance-companies-go-bankrupt/vi-AA1nEYb5

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'Hydrogen-infused' water company files for Ch. 11 bankruptcy

(7 days ago) WebAn Allen-based beverage company under federal scrutiny for claiming its products provide health benefits has filed for bankruptcy. H2 Beverages Inc., which …

https://www.bizjournals.com/dallas/news/2024/04/24/h2-beverages-bankruptcy-chapter-11-trusii.html

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NOTICE NEW JERSEY LIFE AND HEALTH INSURANCE …

(5 days ago) WebThe New Jersey Life and Health Insurance Guaranty Association One Gateway Center 7th Floor Newark, NJ 07102. State of New Jersey Department of Insurance 20 West State …

https://www.aapinsurance.com/app_themes/blankcanvas/aap-ins-prog/downloads/dentalcertificate/guarantynotices/NJ.pdf

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Seven A-Rated Florida Insurance Companies go Bankrupt - Lee …

(1 days ago) WebFrom 2021 to 2022 seven top-rated home insurance companies in Florida have shut down, with 2024 expected to be one of the most active Atlantic hurricane …

https://news.lee.net/partners/video-elephant/news/seven-a-rated-florida-insurance-companies-go-bankrupt/video_6f2b7436-f0cb-5a59-b297-7d6410a30a18.html

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California Sees Two More Property Insurers Exit From Market (1)

(3 days ago) WebCalifornia’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific …

https://news.bloomberglaw.com/insurance/california-sees-two-more-property-insurers-withdraw-from-market

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Dish Bondholders Sue Struggling Company Over Asset Transfers

(5 days ago) WebBankruptcy Law. Print Email. Share To: Facebook. LinkedIn. April 27, 2024, 1:25 AM UTC. Dish Bondholders Sue Struggling Company Over Asset Transfers. By …

https://news.bloomberglaw.com/bankruptcy-law/dish-bondholders-sue-struggling-company-over-asset-transfers

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Erie Insurance receives Business Group on Health’s ‘Best Employers

(Just Now) WebERIE, Pa., April 25, 2024 – Erie Insurance (ERIE) has received the 2024 Best Employers: Excellence in Health & Well-being award from Business Group on Health. …

https://www.erieinsurance.com/news-room/press-releases/2024/best-employers-health-wellness

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Whitney H. Roddy Inc. Insurance Advisors Since 1916

(9 days ago) WebSince we have changed our health insurance broker to Megan Hall at Whitney H. Roddy, Inc., the service has been outstanding and exceptional, notwithstanding Megan has been …

http://whroddy.com/

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