California Attorney General Rob Bonta says a $1.2 million settlement has been reached with a company accused of advertising and selling “sham health insurance” in the state over the last several years.
According to the Attorney General’s Office , Sedera, Inc. and Sedera Medical Cost Sharing Community, sold their plans to more than 2,000 Californians. The now-settled complaint alleged that Sedera sold health insurance plans below market rate because it failed to comply with state law.
“They did not offer Californians the essential health benefits they were entitled to,” Bonta said. “We welcome businesses in our state, but we will not allow them to prey on our people.”…