A not-for-profit insurer has come under fire for allegedly hoarding funds. Dr. Michael Myers is calling for California’s tax board to collect eight years’ worth of insurance taxes from the insurer, including interest, penalties and past-due payments. According to a complaint brought by Dr. Myers, “instead of providing premium discounts to its members/subscribers or decreasing its income-generating coinsurance, fees, and deductible charges imposed on its members, The insurer instead continues to accumulate and hoard unreasonable excess amounts.” Aimed Alliance will continue to follow this case.
Last Updated on May 30, 2019 by Aimed Alliance
