ULM wins lawsuit, 5 other universities included
February 19, 2017
Filed under Briefs
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Jim Donelon, Louisiana Insurance Commissioner, announced a favorable court decision last Monday concerning a suit against Health Net Inc., the parent company of AmCare Health Plans of Louisiana, Inc., for breaching a contract and other infractions back in 2011.
The dissolution of the health care maintenance organization will allow for more than $2.7 million to be distributed to six Louisiana higher education institutions. The schools receiving the funds are Louisiana State University-Shreveport, Southern University, the University of Louisiana at Monroe, the University of Louisiana at Lafayette, the University of New Orleans and Xavier University. Each school will receive about $460,000.
“The dissolution of a company is never a pleasant thing, but I am glad to report that this ending is going to have a beneficial outcome,” Donelon said in the press release. “We have been able to pay those to whom money was owed, and we are investing the remaining funds in our next generation through educational insurance and business programs at these institutions.”