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In Model Law Draft, HMOs Would Contribute Funds for Long-Term Care Insolvencies

Publisher: S&P Global Market Intelligence
October 30, 2017

Bill Goddard was quoted in an article, "In Model Law Draft, HMOs Would Contribute Funds for Long-Term Care Insolvencies," published in S&P Global Market Intelligence. The article discusses the proposed Model Act which would expand the membership of each state's life and health insurance guaranty association to include HMOs and would extend assessments for long term care insurance failures to life insurance companies. Goddard told S&P Global Market Intelligence the proposed act "was the result of weeks of work by a special Receivership Model Law Drafting Group in an attempt to address funding for an anticipated wave of long-term care insurer insolvencies."


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