Healthcare sharing ministries: The greatest loophole ever sold

First reaction to this article,,,WTH is a healthcare sharing ministry?? After reading,,,Houston we may have a BIG problem.  What ever your religious affiliation, that is not the issue,,,this article is highlighting possibly one of the biggest and most dangerous scams perpetrated against the most vulnerable,,,those in need of genuine healthcare,,,
tread very carefully and research,,,

Medi-share, Christian Healthcare Ministries, and Samaritan Ministries. These are the Exempt Three with the golden ticket, the exemption from both state health insurance regulation and the federal health insurance mandate. The secret ingredient that gets them out of regulation in most states is a little statement in their marketing materials that “This is not insurance,” and other fine print that makes clear the lack of hard promises in what they offer. They also use cutesy terminology. Instead of a “late fee,” for example, they have an “Extra Blessings” payment.

[,,,]
Are the people who run these funds con artists making themselves rich, or honest and selfless Christians? It’s impossible to say, because the exemption from regulation exempts their finances from public scrutiny. The federal law does require them to have an annual audit, but that can be conducted by any friendly Christian CPA of their own choosing. Moreover, audits aren’t designed to measure how rich the owners and executives are getting, but simply to assess the financial strength of the entity. And when an enterprise has lots of real assets and essentially no real obligations it is required to pay, how can it be anything but flush?

[,,,]
A subtle hint that obeying earthly law isn’t high on their priority list surfaced just last week. Although there is legislation in most states exempting them from insurance laws, the Commonwealth of Kentucky, not often thought of as a bastion of secularism, doesn’t happen to be one of them. The Kentucky insurance commission did its job by cracking down on Medi-share, and the Supreme Court of Kentucky quite properly ruled that fine print notwithstanding, Medi-share was illegally selling sham insurance. An injunction was issued to stop them, and that was the end of that.

Except it wasn’t. Medi-share kept right on rolling in Kentucky, continually advertising on Christian radio, with a sleight-of-hand change in the way customers pay for their non-insurance that, if anything, exposed them to even greater risk. On Thursday, Medi-share was hauled back in front of Franklin County Circuit Court on a contempt charge. The judge expressed surprise at seeing them again, saying “I thought this thing was over with.” If I were the judge, the phrase “and throw away the key” would work its way into my ruling somewhere. But never fear, Christians; Kentucky legislators under Tea Party lobbying are busily grandstanding to add a statutory exemption like other states have, to end this Nero-like persecution of the godly,,,

Healthcare sharing ministries: The greatest loophole ever sold