The state filed suit Aug. 1, seeking to put Meritus Mutual Health Partners and Meritus Health Partners into receivership for lack of assets to pay provider claims after the insurer was suspended from doing business last year. Since shutting down in December 2015, Meritus has been unable to pay its debts.
“Requesting the court issue an order placing any company into receivership is not an easy step for me to take,” said Leslie Hess, interim director of the Arizona Department of Insurance. “Our agency’s number one priority is to protect the citizens of Arizona and I believe this order is necessary to do just that.”
According to the lawsuit, the state sought a liquidation order for Meritus to protect enrollees from collection activities that may be associated with unpaid provider bills.
More articles on payer issues:
Aetna-Humana merger trial slated for Dec. 5
Piedmont, BCBS of Ga. implement value-based contract
DOJ’s lawsuits against insurer mega-mergers: 16 key events
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
