The Ohio Department of Insurance is taking over a company that provides health insurance to nearly 22 thousand residents, mainly in central Ohio. The move affects those holding InHealth Mutual policies from Coordinated Health Mutual Inc. The suburban Columbus company is organized as a health insurance co-op under the Affordable Care Act. Such co-ops absorbed deep financial losses last year. At least a dozen have closed. A judge has granted the department's request to liquidate the company. Under the court order, InHealth policy holders must continue to pay premiums and providers must honor contracts for service. The court action also allows state officials to assure claims of policy holders, providers and vendors are met while company operations wind down.
State Takes Over Central Ohio Health Insurer
