Tuesday, June 23, 2015

22 ObamaCare Co-Ops On The Verge Of Default

Even as Republicans, in anticipation of a SCOTUS decision, try to save ObamaCare for those who are illegally receiving subsidies through the federal exchange, few have taken notice of the fact that more people may be losing coverage because the exchanges are not financially viable.

(Daily Caller) Ominous signs are proliferating among 22 ObamaCare health insurance co-ops of imminent financial collapses that could leave more than a million Americans without coverage, according to a Daily Caller News Foundation Investigative Group analysis. What do you think?

All but one of the federally funded co-ops are experiencing accelerating net losses. President Obama’s signature health care reform program established the co-ops to provide non-profit competition to private sector health insurance providers. What do you think?

Many of the 22 co-ops could soon follow an ObamaCare co-op that defaulted earlier this year, suffering $163 million in operating losses in a single year. That collapse left 120,000 customers without coverage on Christmas Eve...

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Posted By: Chris Carmouche