Comment: See? We told you so. (And all the King’s horses and all the King’s men, couldn’t put Obamacare together again…)
UPDATE – at this writing, eight Obamacare co-ops have flopped.
“Tennessee will become the sixth state to shut down its Obamacare-funded insurance co-op, announcing Wednesday it will not offer insurance coverage in 2016.”
“The decision comes a few weeks after the federal government warned Tennessee of financial problems with the co-op including failing to pay agents and brokers and rising patient complaints.”
“CMS was also concerned about the co-op’s viability. The insurer has 29,773 members and planned to increase its membership, but it has since raised rates by 44 percent.”
Tennessee to shut down Obamacare co-op
By Robert King • 10/14/15 2:44 PM