BATON ROUGE (AP) — Louisiana's insurance commissioner says six state higher education institutions will divide more than $2.7 million — the result of the dissolution of a failed health maintenance organization.
Jim Donelon says in a Monday news release that LSU-Shreveport, Southern University, Louisiana-Lafayette, Louisiana-Monroe, the University of New Orleans and Xavier University each will get about $460,000.
The health maintenance organization AmCare was ordered into liquidation in 2011. Louisiana was among states that sued AmCare's parent company and were awarded compensatory and punitive damages.
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The plan for distributing funds recently received final court approval.
