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Ohio shutting down state's Obamacare nonprofit co-op InHealth – claims paced $3M per week
Columbus Business First ^
| May 26, 2016
| Carrie Ghose
Posted on 05/27/2016 1:44:57 PM PDT by LibertyOh
Ohio is the latest state to lose its nonprofit co-op health insurer created under an Affordable Care Act after a Franklin County judge on Thursday appointed the Ohio Department of Insurance as receiver of InHealth Mutual to take control and liquidate the company.
Policies are still in effect as of now for its 21,800 members, mostly with individual coverage, but the state said they likely have 60 days to choose another plan on the federal Health Insurance Marketplace or risk losing federal subsidies.
(Excerpt) Read more at bizjournals.com ...
TOPICS: Government; News/Current Events; US: Ohio
KEYWORDS: aca; healthcare; insurance; obamacare; ohio
Policyholders can actually maintain coverage through the end of the year, but will have to pay the tax penalty for purchasing what was a compliant plan that will now be non-compliant because Ohio has assumed responsibility but with a $500k cap per policy.
1
posted on
05/27/2016 1:44:57 PM PDT
by
LibertyOh
To: LibertyOh
It is imploding, right on schedule...
2
posted on
05/27/2016 2:04:20 PM PDT
by
Shady
(We are at war again......this time for our lives...)
To: All
The half caste signs to H/Care Bill
Pelosi was orgasmic----wait a sec, where's Harry's hands?
3
posted on
05/27/2016 2:09:32 PM PDT
by
Liz
(SAFE PLAC? A liberal's mind. Nothing's there. Nothing can penetrate it.)
To: Liz
What is it with that grin of Pelosi?
4
posted on
05/27/2016 2:25:58 PM PDT
by
packrat35
(Pelosi is only on loan to the world from Satan. Hopefully he will soon want his baby killer back)
To: packrat35
Control freaks love gaining more control.
5
posted on
05/27/2016 2:33:37 PM PDT
by
bicyclerepair
(Ft. Lauderdale FL (zombie land). TERM LIMITS ... TERM LIMITS)
To: LibertyOh
Most of the people who voted for free stuff and then accepted free stuff will not be smart enough to understand what they need to do. They will be fined for buying something too good to be true, and I will celebrate that outcome. Their scheme to steal from taxpayers is not working out for them any better than it worked out for their taxpaying victims.
As a bonus, many of them have what they call insurance but cannot get actual medical care. Again, it serves them right for participating in a corrupt scheme.
6
posted on
05/27/2016 2:39:05 PM PDT
by
Pollster1
(Somebody who agrees with me 80% of the time is a friend and ally, not a 20% traitor. - Ronald Reagan)
To: LibertyOh
Ohio is rapidly becoming an overwhelmingly, nut-case state.
A double-minded man is unstable is all of his (her, in this case) ways.
To: packrat35
She must be nutsy-cuckoo.
8
posted on
05/27/2016 2:54:21 PM PDT
by
Liz
(SAFE PLAC? A liberal's mind. Nothing's there. Nothing can penetrate it.)
To: LibertyOh
Kasich is going to be saddened by the news. He thought it was great.
To: Liz
Biden: "Do you like Gladiator movies ?"
10
posted on
05/27/2016 3:46:24 PM PDT
by
UCANSEE2
(Lost my tagline on Flight MH370. Sorry for the inconvenience.)
To: UCANSEE2
11
posted on
05/27/2016 3:51:12 PM PDT
by
Liz
(SAFE PLAC? A liberal's mind. Nothing's there. Nothing can penetrate it.)
To: Shady
Isn’t this exactly what they wanted? They want it all to be single-payer. Now they’re forcing people to go on the “federal” exchanges, which means the government controls the rates. Sick.
12
posted on
05/27/2016 4:03:05 PM PDT
by
rarestia
(It's time to water the Tree of Liberty.)
To: Liz
Who's the double chinned dope with the Lloyd Christmas haircut in the back row of that Obama Failed Care signing photo? Maybe a Kennedy clansman?
13
posted on
05/27/2016 5:35:20 PM PDT
by
DAC21
To: LibertyOh; ADemocratNoMore; Akron Al; arbee4bush; agrace; ATOMIC_PUNK; Badeye; Bikers4Bush; ...
Ohio Ping
see poster’s comment and #12
Policies are still in effect as of now for its 21,800 members, mostly with individual coverage,...
To: DAC21
Yeah...that’s Patrick Kennedy...he quit the Congress.
15
posted on
05/27/2016 5:50:16 PM PDT
by
Liz
(SAFE PLAC? A liberal's mind. Nothing's there. Nothing can penetrate it.)
To: rarestia
Exactly correct. Let’s hope we can hold the line until Obama’s successor is sworn in. (Trump)
16
posted on
05/27/2016 6:17:41 PM PDT
by
Shady
(We are at war again......this time for our lives...)
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