California Fines Medicare Advantage Insurer $75K Over Available Cash Deficiencies

Last month, the California Department of Managed Health Care issued a $75,000 fine to Cerritos-based CareMore Health Plan, a Medicare Advantage insurer, for violating state-mandated cash minimums to which health plans are required to have easy access. DMHC said that during a routine review of financial data the agency found CareMore had deficits for five quarters between March 2009 and March 2012, ranging from more than $500,000 to about $2 million.

• "DMHC Fines CareMore Health $75,000" (Payers & Providers, 5/1).