Nevada's Obamacare non-profit insurance co-op going belly up

americanthinker.com ^ | 8/27/2015 | Rick Moran

[rktman]

Nevada Health CO-OP, a non-profit insurer created by Obamacare and given $66 million in start up loans, will cease operations on January 1 of next year.

The cause of the co-op's downfall is attributed to "market realities."

Duh.

[rktman]

Gee whiz. Wonder how come that didn't work out? Probably worked out for the non-profit ceo. Wonder if some intrepid "investigative" repoter will look in to pam eagan's finances? Quick, somebody call hairy screed.

[headstamp 2]

I just saw last night that the DOJ will not pursue any charges against Solyndra executives that bilked taxpayers out of half a billion dollars after going belly up.

Its all a game.

[rktman]

I’m shocked I tell ya. Simply shocked. LOL! The minions continue to be protected.

[Bubba_Leroy]

Another one bites the dust

[originalbuckeye]

And our money is used to prop up the game. I am fast coming to the realization that Democrats have no conscience.

[FlingWingFlyer]

No matter who wins in 2016, Obonzo is leaving them one heck of a mess to have to clean up after his 8 years of drunken partying.

[AFreeBird]

What was Harry Reid’s cut?

[MortMan]

The ultimate in non-profit status.

[Buckeye McFrog]

We’ll be hearing the term “public option” thrown around in the campaign next year. I guaran-dammed-tee it.

[refermech]

Blue Cross just bailed in New Mexico.

[publius911]

Imagine that. An insurance co-op that pays out more in benefits than it takes in because mostly sick people are drawn to it. This is probably the experience of many for-profit insurance companies taking part in the state exchanges. But those companies have a lifeline – a guarantee that 80% of costs over $45,000 will be borne by the taxpayer.

Wouldn't that make it simply another disguised stealth welfare program?

The biggest violator of truth in consumer laws is the government! Imagine that.

This, mind you, is in addition to the hundreds of welfare programs that keeps the bureaucracy growing --- unionized government employees (yet another welfare program for the unemployable!)

Destroying Social Security wasn't enough, guess.

By the way, the solid foundation of Obama care, that made the system client-friendly TO USE, the tying together all the databases to make choosing and pricing of policies quick and painless, WAS NEVER IMPLEMENTED!

TALK ABOUT DELIBERATE FRAUD! THE STRUCTURE GOT TALLER AND TALLER AFTER THE FOUNDATION WAS DEEMED IMPRACTICAL, UNWORKABLE AND IRRELEVANT.

Of all the possible essential changes to the structure of the U.S. government that can prevent unavoidable collapse the following is inescapable: Make it a crime punishable by death, for the government to implement any rule, law or regulation that results in a crime not permissible by any other individual or organization.

Or we can simply keep embracing the Idiocracy, (The rule by certifiable morons) by individuals with sub-room-temperature IQs.

[DPMD]

Those kickbacks to Harry Reid were killers.

[rktman]

Never met a bribe he didn’t like. Uh, I mean contribution. Yeah, that’s it. Contribution.