Comment: Obamacare-unwisdom said Gruberized non-profit co-ops would eliminate over-charging by “evil” insurers.
OCTS readers will be glad to know the co-ops have avoided profits so successfully that most of them are already dead, taking loads of your health care money with them! Meanwhile, insurers are losing money despite premiums that have sky-rocketed since the Unaffordable Act’s cruel imposition.
“[Michigan's] co-op becomes the 12th plan to fail in the past year — and the ninth this fall — out of the 23 that opened at the start of 2014. The plans have offered an alternative, consumer-oriented type of coverage that the ACA envisioned as competition for traditional health insurers.”
“The dozen collapses will disrupt insurance for 740,000 individuals and small-business employees, who are being instructed by state and federal officials to choose new plans in time for them to take effect in January.”
More than half of ACA co-ops now out of insurance marketplaces
By Amy Goldstein November 3, 2015