State insurance agencies battle over surplus of taxpayer money in New Hampshire

New Hampshire lawyers are convening this week to discuss a long-standing dispute between non-profit organizations and health insurance companies. The issue lies in how these non-profit organizations manage some 80,000 health insurance plans for state workers and retirees. The key figure in the dispute is the Local Government Center, which serves as an insurance administrator for state employees. According to state insurance regulators, the agency has acquired a surplus of more than $100 million and is demanding that the money be returned to taxpayers. Officials with the Local Government Center…

Read More