You never know who is behind the insurance curtain. You may think you have insurance with ABC Insurance Company, but they may only be the “fronting” company retaining only a small portion of the risk. You might be insured with 20 or 30 carriers through a reinsurance treaty, each sharing in the risk on a prorata basis.
SOURCE: Kaiser News
The $380 million plan is funded through a tax on insurance companies. “By addressing this crisis head-on, we have gone from an individual market on the brink of collapse to two straight years of lower premiums for Marylanders,” Gov. Larry Hogan said in a statement. Other insurance and health care industry news focuses on Medicare Advantage plans, dialysis centers, and hospital lawsuits.
