N.Y. state senators to examine Health Republic failure

Two New York state senators plan to examine the failure of the insurance cooperative Health Republic, which got behind financially and shut down last year.

Sens. James Seward and Kemp Hannon chair the Senate's insurance and health committees. They say their discussion Wednesday will include lead agencies, health insurers, providers, consumers and experts in the field and explore what went wrong and steps needed to avoid repeats.

State authorities in November said three other insurers agreed to automatically enroll individuals covered by Health Republic Insurance of New York as it shut down to avoid short-term coverage gaps.

About 100,000 individual members in the cooperative were affected.

Health Republic's small group plans also covered 101,500 people.

Doctors, hospitals and other providers were left with unpaid bills.



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