14th Obamacare co-op collapses

[Arianrhod]

But..but...but .....but they should get subsidies......

If their income is less than 400% of the federal poverty level, they do. If they're too indoctrinated to know that after all this time (although they article is almost a year old, so maybe by this year's renewal date they'll have it figured out), then Forest Gump's Mama was right.

 

[Sun Devil 92]

Washington Examinter ^ | 7/5/16 | Robert King
Connecticut's taxpayer-funded Obamacare health insurer will close due to minimal federal funding, becoming the 14th consumer-operated and oriented plan to shut down. The state's insurance regulator took over HealthyCT, the state's Obamacare co-op, on Tuesday due to financial problems. The co-op, created to spur more competition on Obamacare's marketplaces, is the 14th out of 23 nationwide to shut down since they were created in 2014. Now only nine co-ops remain. The state's insurance regulator already flagged HealthyCT for needing more scrutiny, but it had enough money to "remain solvent for the foreseeable future," according to the notice from the regulator.

We'll just make sure the "history" is still there.

The 8 Obamacare Co-Ops Most Likely To Fail This Year

Oregon Co-op suing the federal government......

 

[Arianrhod]

Washington Examinter ^ | 7/5/16 | Robert King
Connecticut's taxpayer-funded Obamacare health insurer will close due to minimal federal funding, becoming the 14th consumer-operated and oriented plan to shut down. The state's insurance regulator took over HealthyCT, the state's Obamacare co-op, on Tuesday due to financial problems. The co-op, created to spur more competition on Obamacare's marketplaces, is the 14th out of 23 nationwide to shut down since they were created in 2014. Now only nine co-ops remain. The state's insurance regulator already flagged HealthyCT for needing more scrutiny, but it had enough money to "remain solvent for the foreseeable future," according to the notice from the regulator.

We'll just make sure the "history" is still there.

The 8 Obamacare Co-Ops Most Likely To Fail This Year

Oregon Co-op suing the federal government......

^Another vote for Big Insurance vs consumer-owned health insurance here.

 

[Sun Devil 92]

High-deductible health plans make Affordable Care Act ‘unaffordable,’ critics say - The Boston Globe

Now that the law’s major provisions are in place, the outcry over cost has prompted Hillary Clinton, the Democratic front-runner, to call for changes to Obama’s signature domestic achievement.

“This will be an issue at least one more time in the 2016 election. It could absolutely still hurt Democrats,” said Robert Blendon, a professor of health policy and political analysis at the Harvard School of Public Health. “Polls about the Affordable Care Act have a considerable amount of middle-income people who say either the program has done nothing for them or actually hurt them.”

 

[Sun Devil 92]

http://thehealthcareblog.com/blog/2016/01/21/the-unaffordable-care-act/

However, a growing problem that could increase the ranks of the uninsured is the cost of Obamacare policies — even if you don’t experience an illness. Take the example of my family. Insurance for my wife and me costs approximately $12,000 per year. Annual deductibles for that level of coverage are nearly $13,000 per year. Suffice it to say that $12,000 in premiums and any health care spending we may encounter before our deductibles are met would buy a lot of amenities that would enhance our standard of living. Indeed, the cost of our health insurance would buy a months-long stay at a renovated farm house in the Spanish, French or Italian countryside.

 

[JakeStarkey]

The OP means nothing unless it is compared to how many have succeeded.

 

[Sun Devil 92]

Make that 15

PHP sent notices out that they will be leaving 1/1/2017.

Are we looking for number 16 ? Oh wait.....

Number 17 anyone ?

 

[JakeStarkey]

Is a withdrawal a collapse?

 

[Sun Devil 92]

Might as well put this here too since it is related

Fewer than a third of ACA co-ops will still be open for business this fall

Bust !!!