14th Obamacare co-op collapses

[Vigilante]

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.

 

[Sun Devil 92]

And we are supposed to be surprized ?

 

[BlueGin]

Make that 15

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

 

[Sun Devil 92]

Bust !!!!

Bummer for those who were counting on it.

 

[Arianrhod]

Make that 15

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

And there's another whole thread about #16, which predates yours.

Don't you people ever read each other's threads?

Can you say "temporary"? Can you say "stopgap"? Sure you can!

 

[Sun Devil 92]

Make that 15

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

Can't keep up.

Has it reached 20 yet ?

If each state had one...there would be 57 that would eventually fail......

 

[BlueGin]

Make that 15

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

Can't keep up.

Has it reached 20 yet ?

If each state had one...there would be 57 that would eventually fail......

I think there were around 34 - 39 states using them.

NM had about 5 big insurance companies participating. Maybe a few small ones.

Molina
PHP
BCBS
United
NM Health Partners

United, PHP and BCBS ( the three biggest ) dropped out.

BCBS talking about going back but at an 83% rate increase.

 

[Arianrhod]

Echo Chamber R Us.

 

[BlueGin]

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

 

[Sun Devil 92]

Make that 15

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

Can't keep up.

Has it reached 20 yet ?

If each state had one...there would be 57 that would eventually fail......

I think there were around 34 - 39 states using them.

NM had about 5 big insurance companies participating. Maybe a few small ones.

Molina
PHP
BCBS
United
NM Health Partners

United, PHP and BCBS ( the three biggest ) dropped out.

BCBS talking about going back but at an 83% rate increase.

But Governors should sign up for Medicare if you listed to some of the morons on this board.

After all....under that program...somebody else pays for it.

The left wing way.

 

[Arianrhod]

CO-OP health plans: patients’ interests first

 

[Sun Devil 92]

Kinda reminds me of the sound an airplane makes as it falls from the sky.

 

[Sun Devil 92]

Well,

This is now old news as two more have found their way to the dust bin of Obamacare history.

 

[Arianrhod]

Well,

This is now old news as two more have found their way to the dust bin of Obamacare history.

As Colorado goes, so goes the nation.

 

[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

Getting close.

 

[Arianrhod]

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

And -?

 

[Sun Devil 92]

Kinda reminds me of the sound an airplane makes as it falls from the sky.

Getting closer.

 

[Arianrhod]

Kinda reminds me of the sound an airplane makes as it falls from the sky.

Getting closer.

 

[Arianrhod]

Kinda reminds me of the sound an airplane makes as it falls from the sky.

Getting closer.

Hearing Aids and the Affordable Care Act | Hearing Loss Association of America

 

[Sun Devil 92]

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

When President Obama’s landmark health care law ushered in a slew of new insurance options in 2013, the Andersons could not wait to sign up.

Roger Anderson, 54, a formerly uninsured construction worker, has a bad back and a bad heart. He and his wife are still paying for his earlier heart surgery and feared another crisis could ruin them.

“This law was going to give people a chance,” said Cassaundra Anderson, 44, a freelance proof reader.

But in April, when Roger Anderson fell while hiking and hurt his shoulder, he discovered, to his dismay, that simply being insured was not enough. The Andersons’ mid-tier plan, which costs them $875 a month, requires them to meet a $7,000 deductible before insurance payments kick in.

“We can’t afford the Affordable Care Act, quite honestly,” said Cassaundra Anderson, whose family canvassed for Obama in their neighborhood, a Republican stronghold outside Cincinnati. “The intention is great, but there is so much wrong. . . . I’m mad.”

**************************

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

Don't know.

Even if they do, don't these costs tell us something....

Like the ACA sucks.