Just a spoonful of right wing resentment makes the health sharing scam go down
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Private health insurance plans: We’re going to get rich by taking money to cover the cost of health care, and then seeing how little health care we can actually cover.
Reactionary health care sharing ministries: Hold my champagne, dear boy.
The founder of a so-called Christian health care sharing ministry in St. Joseph, Mo., pleaded guilty in federal court today to leading an $8 million wire fraud conspiracy that cheated hundreds of members, and to making false statements on a personal tax return.
Craig Anthony Reynolds, 61, of St. Joseph, waived his right to a grand jury and pleaded guilty before U.S. District Judge Greg Kays to a federal information that charges him with one count of conspiracy to commit wire fraud and one count of making false statements on a tax return.
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By pleading guilty today, Reynolds admitted that he and his co-conspirators used false and fraudulent promises to market Medical Cost Sharing as a “Health Care Sharing Ministry” to defraud hundreds of “ministry members.” Reynolds and his co-conspirators collected more than $8 million in member “contributions,” yet paid only 3.1 percent in health care claims so that they could personally profit and take most of the members’ contributions for themselves.
If the good Lord didn’t want Reynolds to take all of that money, why did He create so many Christians who gave his company millions of dollars because they resented the ACA?
According to today’s plea agreement, Medical Cost Sharing collected more than $8,035,544 in member contributions from 2015 through 2022. During that time, Medical Cost Sharing paid no more than $245,982 in claims, which constitutes only 3.1 percent of the member contributions collected. The $245,982 includes payments to members who filed complaints with their state attorney general and/or hired legal counsel to represent them against Medical Cost Sharing.
Medical Cost Sharing paid no claims at all from Feb. 22, 2021, through December 2022, although it collected a total of nearly $1.2 million in dues in 2021 and 2022.
Liberty Healthshare to MCS: Hold my vineyard that I turned into a marijuana farm. And my airport. And my bank…
Seriously, click the link for some more outstanding investigative reporting from Pro Publica.
People who post off-topic comments are the social equivalent of HSV 2.
