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User Info The Low-Hanging Fruit; entered at 2017-03-02 12:01:27
Vitchilo
Posts: 6118
Registered: 2011-04-27
Meanwhile...
http://www.zerohedge.com/news/2017-03-02....
Quote:
The Next Ponzi: $4.6BN Long-Term-Care Insurer To Liquidate In Pa; Biggest Healthcare Failure Ever

After eight full years of legal battles between state regulators, investors, and policyholders, Pennsylvania Court Judge Hannah Leavitt signed off on a plan Wednesday to liquidate Penn Treaty Network America Insurance and its affiliate, American Network Insurance, the largest such health insurance liquidation in history. The decision leaves solvent insurers, their owners, and customers to pick up the cost for more than 70% of the up to $4.6 billion in projected long-term-care claims expected for 76,000 aging Penn Treaty customers nationwide.

The little people get screwed again, nobody goes to jail or their assets seized to pay...
2017-03-02 12:01:27