Failed South Carolina co-op sues feds over reinsurance payments

Consumers' Choice Health Insurance Co., the failed insurance co-op for South Carolina, has sued the federal government, alleging it's illegally trying to collect loan repayments from the co-op. 

In a suit filed this week in South Carolina federal court, Consumers' Choice Health Insurance Co.'s former liquidator Raymond Farmer alleged the CMS can't legally collect loan repayments on co-ops under state law until the insurer returns losses experienced from risk-mitigation program participants.

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