The Utah Insurance Department put Arches in receivership Tuesday afternoon, an emergency action because of the looming open enrollment period for 2016 health plans for those who don't get their insurance through their jobs. Open enrollment begins Monday. Receivership means the insurance department will oversee Arches' termination of insurance plans.
The Centers for Medicare and Medicaid Services (CMS) demanded a decision by Tuesday afternoon, Kiser said, culminating a week of scrambling by Arches to find a solution to a cash flow problem created, in part, by a change in federal policy.
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