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Not a surprise. Obamacare was forecast to be a losing proposition from day one yet it, as usual, made the Progressives FEEL GOOD, so it was shoved up our...throats. Now rates are going out of sites and the all the co-ops are failing.
8 Of 11 Surviving Obamacare Co-Ops Facing Failure
Eight of the 11 remaining Obamacare health insurance co-ops are in serious financial trouble and could collapse by the end of the year, Mandy Cohen, a top federal health official told Congress Thursday in testimony before a House oversight panel.
Cohen, the chief operating officer for the Centers for Medicare and Medicaid Services, generally stonewalled the House Oversight Subcommittee on Health Care, Benefits and Administrative Rules during a hearing focused on the status of the surviving Obamacare health insurance co-ops and the additional costs taxpayers could face in the event of more failures.
Twenty three of the non-profit co-ops were established under Obamacare in 2012 to compete with commercial for-profit insurance companies. But so far half — or 12 — have closed their doors after only two years of operation. A thirteenth co-op in Vermont was never licensed to operate.
[...]
Read more: http://dailycaller.com/2016/02/25/breaking-eight-of-11-surviving-obamacare-co-ops-facing-failure/#ixzz45Z8nqY4X
Is this what some here do not want you to see?
8 Of 11 Surviving Obamacare Co-Ops Facing Failure
Eight of the 11 remaining Obamacare health insurance co-ops are in serious financial trouble and could collapse by the end of the year, Mandy Cohen, a top federal health official told Congress Thursday in testimony before a House oversight panel.
Cohen, the chief operating officer for the Centers for Medicare and Medicaid Services, generally stonewalled the House Oversight Subcommittee on Health Care, Benefits and Administrative Rules during a hearing focused on the status of the surviving Obamacare health insurance co-ops and the additional costs taxpayers could face in the event of more failures.
Twenty three of the non-profit co-ops were established under Obamacare in 2012 to compete with commercial for-profit insurance companies. But so far half — or 12 — have closed their doors after only two years of operation. A thirteenth co-op in Vermont was never licensed to operate.
[...]
Read more: http://dailycaller.com/2016/02/25/breaking-eight-of-11-surviving-obamacare-co-ops-facing-failure/#ixzz45Z8nqY4X
Is this what some here do not want you to see?