TULSA, Okla. (AP) A Christian organization in which members pool their money to help pay medical bills says it isn't an insurance company.
But state
Insurance Commissioner Kim Holland says it will be treated like one and will have to prove it can cover claims that its members file.
The organization is
Medi-Share and is a ministry of the American Evangelical Association.
Medi-Share President Robert Baldwin says the group has no money on reserve other than what members provide to help pay a medical bill. He says the group doesn't promise to pay or assume the risk of paying all health-care costs.
But a recent court ruling found the company offers "contracts for insurance" and is subject to regulation.
Baldwin says the group is likely to appeal the ruling.
Labels: Kim Holland
Posted at 3/15/2007 01:24:00 PM
