Kouts is a private health care insurance company with a market capitalization of $30 billion.
In 2017, it was the largest insurance company in the United States.
According to data from the U.S. Department of Health and Human Services, the average cost for an average U.s. household was $1,081 per year in 2017.
Kouts claims to provide high-quality, affordable health care.
However, the company has been under investigation by regulators since late 2017 for a number of serious safety and compliance issues.
In 2018, the Centers for Medicare and Medicaid Services (CMS) ordered Kouts to change its policy and conduct a “health risk review” of its workforce, a practice which allowed Kouts’ employees to be fired and then replaced by employees at less than the company’s actual pay.
At the time, the CMS ruled that the company had a “risk-management” program which was in violation of the Affordable Care Act (ACA).
On July 18, 2018, Kouts filed a notice with the U