Posted on 10/16/2015 3:41:56 PM PDT by smartyaz
With the mainstream media, at least the majority that is left of center, flooded with story after story touting Obamacare's success, the news coming this morning from Denver that Colorado's largest nonprofit health insurer and participant in that state's insurance exchange Colorado HealthOP is abruptly shutting down, forcing 80,000 Coloradans to find a new insurer for 2016, was a slap in the face for the Obama administration's crowning achievement.
According to AP, the health insurer announced Friday that the state Division of Insurance has de-certified it as an eligible insurance company. That's because the cooperative relied on federal support, and federal authorities announced last month they wouldn't be able to pay most of what they owed in a program designed to help health insurance co-ops get established.
Wait, wasn't the whole point behind Obamacare to subsidize health insurance for everyone, and especially the poor? Or was the whole point of the "Affordable" Care Act merely to herd as many Americans into the clutches of the few for-profits, after the non-profit cooperatives finally read the fine print and realized they have no chance of being profitable under the new regime?
(Excerpt) Read more at zerohedge.com ...
“But wait, there’s more. Now that the numbers are being crunched, and hyperbole and propaganda are finally making way for math, someone figured out that Colorado HealthOP’s closure could be bad news for everyone shopping on Colorado’s health insurance exchange.
A Republican state lawmaker who serves on an oversight committee that has reviewed Colorado HealthOP’s finances, Rep. Lang Sias of Arvada, said “rates for everyone are expected to go up next year. Colorado HealthOP accounted for nearly 40 percent of the exchange’s total customers.”
Well. That was “unexpected.”
At least their website developers got paid.
follow the $$$$$
Yeah. One, big slush fund for the Democraps.
Precisely as designed...
Massive Failure and Fraud Ping! :)
Wait until employee based policies start getting hammered full time.
Apparently, raising the prices wasn’t even enough to cover the costs.
If you like your exchange, you can keep your exchange. Period.
Just another rip off of the “mandatory insured”. Obamacare was NEVER about medical care. It was a scam to grab power and control and your money from before day one.
Why does anyone think that it HAD TO HIDDEN and LIED ABOUT? Certainly not because it was an honest system.
...as planned...
So maybe these stupid libtards in Colorado might rethink their support for the RATS. Nah.......
What Colorado HealthOP Consumers Need to Know :
http://www.cpr.org/news/newsbeat/colorado-healthop-folds-what-consumers-need-know
Bump
100%
What happened to obuma and peloski’s ‘you have to vote on it before you know what’s in it’ program?
You don’t suppose they lied did you? /s
What a bunch of crap, like Trump said ‘wipe it off the map’
I can’t wait until Trump is in the Oval Office!!!
Actually, the GOP did pretty well in the CO legislature in 2014. They picked up 3 seats in the House and took control of the Senate.
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