Simple Health Receivership
Simple Health Plans LLC, along with its affiliated entities, has come under receivership following a federal lawsuit filed by the Federal Trade Commission in 2018. The lawsuit alleged that these companies misrepresented their limited benefit plans and medical discount memberships as comprehensive health insurance, violating consumer protection laws.
The court appointed Michael I. Goldberg as the temporary receiver to manage the assets of the Receivership Entities and to ensure compliance with the legal process. Since the appointment, business operations have been shut down, and periodic status reports regarding the receivership will be prepared and released to inform creditors of ongoing developments.
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