Another Crisis for Health Republic Insurance of New York

After months of uncertainty surrounding Health Republic Insurance of New York’s liquidation, new court documents released April 22 provide clarity on what creditors can expect to receive. The state Department of Financial Services, now led by Acting Superintendent Maria Vullo, began the liquidation proceeding last week by filing a verified petition and order to show cause in New York State Supreme Court. Vullo declared …

Update on HealthRepublic Claims

When the Federal Government failed to make the promised payments under ObamaCare to the Coops around the country, more than half of those failed, not having adequate reserves this early in their development. HealthRepublic is one of those Co-ops.  By last published account, they owe somewhere in the range of $200 million in claims to hospitals and other providers.  They …