Health Care Success for Midwest Co-op Proves Its Undoing

The New York Times ^ | FEB. 16, 2015 | ABBY GOODNOUGH

[edwinland]

CoOportunity’s many customers needed more medical care than expected, according to Nick Gerhart, Iowa’s insurance commissioner, and it had priced its plans too low. After taking control of the co-op in late December, Mr. Gerhart decided last month that it could not be saved and asked a court to liquidate it. The co-op, he said at the time, faced more than $150 million in liabilities. That left its customers scrambling for new coverage, and providers wondering if millions of dollars in outstanding claims would ever get paid.

[edwinland]

Another problem was that Iowa and Nebraska, with the Obama administration’s permission, allowed people to keep old insurance policies that did not meet Affordable Care Act standards through 2016. These people tended to be relatively healthy because before the law took effect, insurers could reject customers who were sick.

That left the two insurers selling plans through Iowa’s online exchange, CoOportunity and Coventry Health, to take on a disproportionate number of customers with expensive health problems.

In other words, Obamacare doesn't work if you are allowed to keep your insurance.

If you like lying politicians, you can keep them.

[WayneS]

Are they feeling fundamentally transformed yet?

[jimmygrace]

More people like free stuff than stuff they have to pay for... Wow, some people (with doctorate degrees) are just finding that out!

[proxy_user]

Here is my proposal: we will make the health-insurance companies a subsidiary of The Fed, and they can just print money instead of charging premiums.

For my next trick, I will demonstrate how we can generate carbon-free electricity using simple unicorns....

[edwinland]

Another gem from the article:

Dr. Martin Hickey, chairman of the National Alliance of State Health Co-ops, said that based on the third-quarter results posted by the remaining co-ops, “I honestly, honestly don’t expect another co-op to be taken over by a state regulator in 2015.”

These days, if the government wants us to believe anything they say on healthcare, they have to say "honestly" at least twice.

[Red Badger]

Liberals define ‘success’ by the number of people who ‘sign up’, not the number who actually get health care............

[Beagle8U]

Liberals want national healthcare single payer.

Which transforms healthcare into a giant DMV.

Doctors and nurses would be paid a flat salary, about 75K for a doc and 30K for a nurse, and they work just as hard as employees of the DMV.

Liberals would be the first scream that isn’t what they want, they want the best healthcare in the world, free!

[goldstategop]

If we get single payer, what happens when the Feds decide its too expensive to keep throwing money after it?

Iowa doesn’t reassure people of the government’s competence in making sure health care is there when people need it.

[Beagle8U]

There will be no single payer. That is a stupid liberal pipe dream.

[VideoDoctor]

Health Care Success for Midwest Co-op Proves Its Undoing

What is rather amazing is that the NY Times couches this story in the guise that FAILURE is a sign of Obamacares success.. Huh???

As someone else already stated, "In other words, Obamacare doesn't work if you are allowed to keep your insurance."

It becomes clearer and clearer that NONE of this was thought through.
We have to "PASS the BILL to see what's IN the BILL" - dipshit Pelosi