Maryland to Review Hospitals' Offshore Insurance Holdings
Maryland state officials will examine hospitals' offshore tax‑free insurance accounts and must issue recommendations by Jan. 1, 2027, as hospitals hold billions in such reserves.
GMNA Washington Dc
State officials in Maryland have begun a review of the tax‑free captive insurance accounts that hospitals maintain in the Cayman Islands. The review must result in recommendations by Jan. 1, 2027.
Maryland hospitals hold billions of dollars in these offshore insurance reserves, prompting the state examination of the practice.
