Texas Liquidates State Subsidiary Of Bright Health   

A district judge in Texas found Bright HealthCare Texas, a unit of Bright Health, financially insolvent. The judge;ruled the subsidiary did not have assets equal to its liabilities or enough capital to meet Texas regulatory requirements, according to the Texas Department of Insurance in documents it posted on its web site.;;

At the end of 2022, Bright Health exited the ACA exchange market in Texas and other states. In October 2023, the Centers for Medicare & Medicaid Services (CMS) said Bright Health owes $380 million in risk-adjustment payments, including $89.6 million in Texas. CMS . . .