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HelicopterOff Topics News & Politics › ObamaCare co-ops at risk of failing after billions in loans
10-19-2015 03:21 AM  31 months agoPost 1
dilberteinstein

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texas - USA

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The future of an ObamaCare program that was intended to create non-profit insurers is increasingly in doubt, with several of the ventures forced to close down around the country.

On Friday, co-op insurance plans in Colorado and Oregon became the latest to call it quits, following the closure of similar plans this month in Tennessee, Kentucky and New York.

Senate Majority Leader Mitch McConnell (R-Ky.) pointed to the people who would lose their plans at the end of the year after Kentucky’s co-op failed earlier this month. Kentucky’s co-op covered 51,000 people, while New York’s failed co-op, the largest, covered more than 200,000.

“Barely a week goes by that we don’t see another harmful consequence of this poorly conceived, badly executed law,” McConnell said when Kentucky’s co-op failed.

http://thehill.com/policy/healthcar...n-federal-loans

Gosh, Stevie Wonder could have seen that coming.

90% of life is "showing up"

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