Nov. 30 A purported health care cost-sharing company, which was once deemed "ruthless in denying coverage" by "Last Week Tonight's" John Oliver, has lost a $4.7 million lawsuit in Lexington federal court. A judge in a Lexington federal court ruled against the company earlier this month after the company's representatives failed to appear in court multiple times,.
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State fines OneShare Health, bans it from selling insurance in Washington By Andrew Hammond, The News Tribune
Published: February 2, 2021, 12:40pm
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The state Insurance Commissioner’s Office has fined OneShare Health $150,000 and is prohibiting the company from selling insurance in the state of Washington.
Additionally, OneShare dropped a federal lawsuit against Insurance Commissioner Mike Kreidler.
“People who are looking for health insurance should closely examine any offerings and contact our consumer advocates if they have questions about products that market themselves as health care sharing ministries,” Kreidler said in a statement.
OneShare Health fails to meet the legal definition of a health care sharing ministry. It enrolled more than 7,000 members in Washington who paid a total of $12 million in monthly premiums that OneShare called “contributions.” Six members have complained to Kreidler’s office about unpaid claims.
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