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Company: Universal Care, Inc. d.b.a. Brand New Day, Bright Health, Bright HealthCare
Penalty: $300,000
Year: 2023
Date: August 10, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Universal Care agreed to pay a $300,000 administrative penalty in settlement of allegations the company failed to maintain the State's prescribed level of Tangible Net Equity for companies operating full-service health plans.
Level of Government: state
Action Type: agency action
Agency: California Department of Managed Health Care
Civil or Criminal Case: civil
Facility State: California
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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