Two more Obamacare co-ops fail: Tennessee and Kentucky both announce closures

Hotair ^ | 10/15/2015 | Kristina Ribali

[Slyfox]

Driving through Tennessee recently, I spotted an Obamacare storefront.

I wondered how that was gonna work.

[Dilbert San Diego]

Where in the Sam hill is the media on this?? Why aren’t we hearing about these failures in the MSM??? These failures are due to Obama Care pressures.

Can you imagine the media reaction, if a Republican government program of some kind had utterly failed to achieve the stated goals? Can you imagine the media talking about such a program delivering less in services at greater cost than promised????

Instead the media virtually ignore the many failures of obamacare.

[Buckeye McFrog]

By this time next year there will be full-throated calls to bring back the Public Option.

Single payer in five.

[Brad from Tennessee]

I believe these “co-ops” were designed—like many green energy start-ups—to allow management to skim money until federal funding ceased and they collapsed.

[HarleyLady27]

Yep, so many people thought this was such a good way to go, to have a big plan to cover the people....yep, really good way to take YOUR money and put THEIR money in THEIR pockets...

What was wrong with going to an insurance companies and seeing what plans they had and what YOU could afford instead of THE GOVERNMENT....

My Grandmother told me when I was little, you want something that is working good broken, give it to the GOVERNMENT....and it has never failed!!!

[Pollster1]

This is so unexpected. Who would have guessed that requiring people to over-insure with coverage they don’t want would encourage people to use what they paid for, and increase the cost of medical care? What are the odds that socialism would fail yet again? Isn’t it due for a success?

[Bob]

The co-op lost $50 million last year, partly because over 20,000 more people had purchased the insurance than originally estimated.

Funny how most private companies don't fail from having too many customers. Must be a government thing -- Lose a little on every customer and make it up in volume.

[T-Bird45]

Here in OK, we decided not to play that game but it’s a rare week that passes in the online comment pages of the local paper without some lib-prog bemoaning our backward ways in OK and using this as an example of keeping the poor people down because we didn’t take the federal bait.

[cuban leaf]

I live in ky. I’m 61. Jan 1, 2014 I cancelled my if insurance. I’ve been insurance free ever sinc and for the first time in my life.

At this point it feels like getting insurance would demonstrate a lack of faith in the Lord.

[MeshugeMikey]

[cuban leaf]

Sorry aboutspein errors. Using cell prone.

[SZonian]

"Sorry aboutspein errors."

:^)

[MeshugeMikey]

wait until Jerry Brown is elected.....

[HarleyLady27]

He almost ruined California when he was Governor the first time...now his second time of being Governor he has almost done it....why do you think so many people are moving out of California?

Nope, he can’t stand up to anyone, he only takes orders from obuma...like giving illegal immigrants drivers licenses even tho they can’t read or write or drive a car, if they have one....

[Trillian]

Then, said Jennings, “when they suddenly had health insurance…they began using their benefits.”
Imagine that!
They must expect people to pay into it and never use it.

[MeshugeMikey]

word is that his next career move may be to Baltimore to act as Mayor... there...

[Fledermaus]

That’s funny...TN didn’t set up any Obamacare co-ops or exchanges.

[Political Junkie Too]

They expected the young and healthy to sign up so they can pay in without drawing on services. Instead, they got the sickly who slammed the system.

It would be as if they had created Social Security only now, but only the seniors signed up.

-PJ

[zek157]

Nice. Loose money on each person enrolled and make up the difference in volume.