Posted on 11/28/2015 5:07:46 PM PST by Beave Meister
The fate of a network of alternative “co-op†health plans started under ObamaCare remains uncertain going into 2016, after half of them collapsed amid deep financial problems.
The co-ops are government-backed, nonprofit health insurers propped up with over $2 billion in taxpayer loans. Twelve of the 23 co-ops established under the Affordable Care Act, though, have gone or are expected to go under by the end of the year, leaving customers who used them scrambling for coverage and taxpayer money at risk.
But, as lawmakers on Capitol Hill demand answers on what’s being done, the Obama administration is offering few predictions on the program’s future other than to say no more money will go toward new co-ops. As to whether that future will crystallize next year, a top federal health official said: “It’s impossible to say right now.â€
Kevin Counihan, insurance marketplace CEO at the Centers for Medicare and Medicaid Services, described the co-op failures and other changes as simply “inevitable†in the health care industry.
(Excerpt) Read more at foxnews.com ...
Yes, Obama and his minions have moved on to eyeing single payer.
I guess we have to wait for the other half to collapse before we can be certain it is a failure.../s
Let’s see. Private insurers were able to survive without government subsidies AND with lower premiums. These co-ops couldn’t last two years with subsidies. Just as all the conservative critics had predicted.
Obamacare is mirroring Obama’s economic policies right over the cliff (as planned)
yeah, well, that’s the good thing about elections.
Just like Reagan erased carter’s horrific touch, Trump or Cruz will do the same regarding obama.
Well, it has got to cost more than the private sector. How else can they the govt. hire their cronies and support the massive bureaucracy? It is not supposed to be efficient.
Why are lawmakers on Capitol Hill asking what’s being done? Just hold one vote after another to abolish Obamacare, coupled by one vote after another on totally free-market alternatives. Drive home the message on every public forum that we ultimately want government out of the examining room, the delivery room, and the operating room. Under our plan, no one will be forced to enroll in Medicare or Obamacare or any compulsory health-care plan. Let the insurance giants and Big Pharma squeal like hounds in a brier patch.
We'll have to pass it to see what's in it.
“See, the greedy private sector didn’t work and ripped off the American people. We need a single, uniform, and compassionate system to help everyone.”
would not hold my breath about that. either one.
If Congress refuses to bail it out, the media will savage the Republicans as the destroyers of Obamacare, and they’ll fold like the little girls they are. Then they’ll continue to wonder why Trump is so successful. It’ a madhouse.
Fascists and geldings is a bad mix.
It’s not going to be Barry’s problem. Somebody else is going to have to clean up his mess. He’ll be off golfing somewhere or eating ice cream on some beach in Hawaii.
Well, at least it’s good to know not all government expenses are a waste.
Government studying how bugs react when lights are turned on
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