Jackson Health System permitted to market Medicare plan
Jackson Health System's troubled insurance plan is belatedly being allowed to market its Medicare Advantage plan to seniors after a stern consent order from state regulators demanding Jackson make its plan profitable by the end of next year or abandon it. Under the consent order, the money-losing JMH Health Plan must become profitable by Dec. 31, 2012. If it doesn't, the plan will have to "wind down its operations and voluntarily surrender its certificate of authority." The order, written by Florida Insurance Commissioner Kevin M. McCarty, was formally accepted by the Jackson board at a Monday meeting.
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