Health Squared Transfer Scandal

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Press Release 13 of 2022: The collapse of Health …

(Just Now) WEBIn addition to this, Health Squared stated that it experienced substantial member loss which led to a solvency decline which by the end of July 2022 was at 2.15% and was projected to be between 0.2% and …

https://www.medicalschemes.co.za/collapse-of-health-squared/

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Health Squared liquidation: regulator intervenes to help …

(3 days ago) WEBHealth Squared, a small open scheme with about 48 000 members, is expected to cease business on August 31, leaving members stranded without cover. …

https://www.iol.co.za/personal-finance/medical-cover/health-squared-liquidation-regulator-intervenes-to-help-members-000c3a81-cee9-4b01-88a6-f28f1a78b7ab

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Health Squared members on their own as transfer talks collapse

(4 days ago) WEB01 September 2022 - 12:15. by Tamar Kahn. The medical scheme regulator’s attempt to broker an 11th-hour deal to transfer members of Health Squared to other schemes …

https://www.businesslive.co.za/bd/national/health/2022-09-01-health-squared-members-on-their-own-as-transfer-talks-collapse/

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Regulator gets its way on the fate of Health Squared - BusinessLIVE

(9 days ago) WEBRegulator gets its way on the fate of Health Squared. B L Premium. 11 September 2022 - 17:20. UPDATED 11 September 2022 - 23:10. by Garth Theunissen. …

https://www.businesslive.co.za/bd/companies/healthcare/2022-09-11-regulator-gets-its-way-on-the-fate-of-health-squared/

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Health Squared Medical Scheme members face penalties, …

(4 days ago) WEBBeneficiaries of Health Squared Medical Scheme are at the mercy of other medical schemes after theirs went into curatorship and …

https://www.news24.com/fin24/companies/health-squared-medical-scheme-members-face-penalties-waiting-periods-after-curatorship-20221021

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Maladministration may have been a main cause of Health …

(Just Now) WEBMaladministration was allegedly one of the main causes of the “financial ruin” of South African medical scheme Health Squared, rather than just the Covid-19 …

https://www.moneyweb.co.za/news/south-africa/maladministration-allegedly-a-main-cause-of-health-squareds-financial-ruin/

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Health Squared granted leave to apply to wind up its business

(3 days ago) WEB05 September 2022 - 17:42. by Tamar Kahn. The high court in Johannesburg has granted Health Squared Medical Scheme leave to apply for voluntary liquidation on September …

https://www.businesslive.co.za/bd/national/health/2022-09-05-health-squared-granted-leave-to-apply-to-wind-up-its-business/

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Health Squared Medical Scheme placed under provisional

(9 days ago) WEBThis follows Health Squared Medical Scheme, which has about 48 000 members and was formed in 2018 through the amalgamation of two long-standing …

https://www.moneyweb.co.za/news/companies-and-deals/health-squared-medical-scheme-placed-under-provisional-curatorship/

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How Health Squared blew millions in its death spiral

(3 days ago) WEBEmail [email protected] or call 0860 52 52 00. Comment Policy. In the months leading up to its demise, troubled medical scheme Health Squared blew …

https://www.timeslive.co.za/sunday-times/business/business/2022-08-28-how-health-squared-blew-millions-in-its-death-spiral/

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Medical aid members left in debt as the scheme is …

(7 days ago) WEBSilva Taverna-Turisan and her husband fear losing R125 000 of their savings because Health Squared Medical Scheme announced on August 23 that it was closing …

https://www.news24.com/citypress/news/medical-aid-members-left-in-debt-as-the-scheme-is-liquidated-20221009

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Health Squared medical scheme seeks voluntary liquidation

(4 days ago) WEBHealth Squared’s solvency ratio, a key measure of its ability to pay claims, fell from 17.3% at the end of 2020 to 6.04% at the end of 2021 and by June 2022, stood …

https://medinol.co.za/health-squared-medical-scheme-liquidation/

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Health Squared collapse: Council talking to other schemes re

(6 days ago) WEBWendy Knowler shares the latest about the Health Squared collapse on The Money Show. - Medical scheme Health Squared announced last week that it is applying for voluntary …

https://www.msn.com/en-za/news/other/health-squared-collapse-council-talking-to-other-schemes-re-migrating-members/ar-AA113KXF

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Health Squared: What Now? - Rare Diseases SA

(9 days ago) WEBRare Diseases South Africa (RDSA) has been inundated with calls over the weekend from panicked members of Health Squared Medical Scheme (Health …

https://www.rarediseases.co.za/post/health-squared-what-now

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Medical scheme seeks liquidatio­n - PressReader

(8 days ago) WEBHealth Squared’s solvency ratio, a key measure of its ability to pay claims, fell from 17.3% at the end of 2020 to 6.04% at the end of 2021 and by June 2022, stood …

https://www.pressreader.com/south-africa/business-day/20220822/281492165113615

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FAQ on Health Squared Medical Scheme

(1 days ago) WEBThe Council for Medical Schemes (CMS) has developed these frequently asked questions (FAQ) in an effort to answer the questions you may have as members …

https://www.medicalschemes.co.za/faqs-on-health-squared-medical-scheme/

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SEARCHING FOR THE RED FLAGS EXPERT DETAILS …

(2 days ago) WEBSnooping. Accounting fraud is not new, but it has been pushed into the spotlight by high-profile cases that led to bankruptcies at Enron Corp. and WorldCom …

http://www.forensic-cpas.net/assets/pdf/4-6redflagsarticle.pdf

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Health Squared medical scheme seeks voluntary liquidation

(9 days ago) WEBHealth Squared’s solvency ratio, a key measure of its ability to pay claims, fell from 17.3% at the end of 2020 to 6.04% at the end of 2021 and by June 2022, stood …

https://www.businesslive.co.za/bd/national/health/2022-08-22-health-squared-medical-scheme-seeks-voluntary-liquidation/

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UnitedHealth Shares Tumble After Report of Antitrust Investigation

(6 days ago) WEBAt $485.98, more than $25 billion was set to be wiped out in UnitedHealth's market value, extending a loss of about $11 billion on Tuesday after the WSJ report. The …

https://money.usnews.com/investing/news/articles/2024-02-28/unitedhealth-shares-tumble-after-report-of-antitrust-investigation

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Scrushy acquitted of fraud at HealthSouth - Financial Times

(3 days ago) WEBRichard Scrushy was acquitted on all 36 charges, including conspiracy and securities fraud, after a four-month trial and 21 days of jury deliberations in Birmingham, …

https://www.ft.com/content/199574fa-e7ec-11d9-9786-00000e2511c8

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Former HealthSouth CEO denies hiding millions amid ongoing …

(Just Now) WEBFILE - Former HealthSouth CEO Richard Scrushy leaves the federal building after he was convicted on six counts in a government corruption case in …

https://apnews.com/article/healthsouth-richard-scrushy-hidden-money-50ac64bd8529c76b5e48ea72ecb0d8bf

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HealthSouth and Chief Charged With Fraud - The New York Times

(9 days ago) WEBThe S.E.C. charged the nation's biggest operator of rehabilitation hospitals and clinics with overstating its earnings by at least $1.4 billion since 1999.

https://www.nytimes.com/2003/03/19/business/healthsouth-and-chief-charged-with-fraud.html

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Case Study: HealthSouth Alvarez & Marsal Management …

(4 days ago) WEBCase Study: HealthSouth. A&M was hired as restructuring advisers and crisis managers after the company discovered a massive accounting fraud. HealthSouth …

https://www.alvarezandmarsal.com/insights/case-study-healthsouth

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Court upholds $2.9B verdict in HealthSouth case

(4 days ago) WEBShare story. The Alabama Supreme Court upheld a $2.9 billion judgment against imprisoned HealthSouth Corp. founder Richard Scrushy on Friday, rejecting …

https://www.seattletimes.com/business/court-upholds-29b-verdict-in-healthsouth-case/

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