A long-running dispute over how a nonprofit organization manages health insurance for 80,000 state workers and retirees in New Hampshire communities is finally up for a hearing.
The Local Government Center, which provides services and programs for local governments, also manages health insurance pools for the workers. It’s being challenged by the state Bureau of Securities Regulation, which says the center has acquired a surplus of more than $100 million in taxpayer money and needs to return it to cities and towns.
The center says it has returned surpluses in the form of rate reductions, saying communities prefer to have stability rather than get a check one year, and see a rate spike the next.
An administrative hearing is starting this week and is expected to last two weeks.
Was this article valuable?
Here are more articles you may enjoy.
When the Meter Says Wet but the Ceiling Is Dry: A Guide for Adjusters and Inspectors 
FTC, States Allege Toast Software Burns Restaurants and Consumers 
Binance’s $6.3 Billion Hack: How Crypto Insurance Works 
Allstate Q3 Net Income Drops About 45% on Higher Catastrophe Losses 
