That's hilarious! S.O.L.
Montana is a winner winner winner! In 2014 they took in $38.4 million in premiums and paid $54 million in claims. They are still chugging along! A few more years and they will be rich.
ACA Government Co-Ops: Is This Experiment Working In Your State?
- Thread starter AllenChicago
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Montana is a winner winner winner! In 2014 they took in $38.4 million in premiums and paid $54 million in claims. They are still chugging along! A few more years and they will be rich.
- Thread starter
- #102
- 8,448
September 24, 2015
"Health Republic Insurance of New York will close up shop by year-end, marking one of the biggest blows to the Affordable Care Act's co-op program to date.
Health Republic is the largest not-for-profit co-op in the country with approximately 200,000 members as of this past spring, or roughly one-fifth of all people enrolled in a co-op health plan. But like almost all of the other co-ops, which have been seeded with loans from the ACA, Health Republic was losing money after it attracted some of the sickest and costliest members in its market."
Story: http://www.modernhealthcare.com/art...ks-co-op-largest-in-the-nation-will-shut-down
We started with 23 state Co-ops... These have gone belly-up during just two open enrollments:
1. Vermont - Was squashed based on poor projections.
2. Co-Opportunity Health - Iowa/Nebraska
3. Louisiana Health Cooperative - Louisiana
4. Nevada Health Co-op - Nevada
5. Health Republic Insurance Co-op - New York
That's a 21.7% failure rate. I wonder if the administration views these as "acceptable" losses... ie. No Big Deal.
"Health Republic Insurance of New York will close up shop by year-end, marking one of the biggest blows to the Affordable Care Act's co-op program to date.
Health Republic is the largest not-for-profit co-op in the country with approximately 200,000 members as of this past spring, or roughly one-fifth of all people enrolled in a co-op health plan. But like almost all of the other co-ops, which have been seeded with loans from the ACA, Health Republic was losing money after it attracted some of the sickest and costliest members in its market."
Story: http://www.modernhealthcare.com/art...ks-co-op-largest-in-the-nation-will-shut-down
We started with 23 state Co-ops... These have gone belly-up during just two open enrollments:
1. Vermont - Was squashed based on poor projections.
2. Co-Opportunity Health - Iowa/Nebraska
3. Louisiana Health Cooperative - Louisiana
4. Nevada Health Co-op - Nevada
5. Health Republic Insurance Co-op - New York
That's a 21.7% failure rate. I wonder if the administration views these as "acceptable" losses... ie. No Big Deal.
I don't think this administration and most Democrats care what happens with Co-ops or carriers. All that matters to them is the law was passed and puts us one step closer to single payer. The quicker Co-ops and carriers fall apart, the quicker the government can step in and "save the day".
AC, I could be wrong but I believe the purpose of Obamacare was to show the public things that don't work.
Once the voters catch on they can proudly talk about the track record of SS and Medicare and how neither program has gone belly up in 50+ years.
Once the voters catch on they can proudly talk about the track record of SS and Medicare and how neither program has gone belly up in 50+ years.
2 liberal clients yesterday told me the reason the ACA is jacked up is because the GOP would not meet and give solutions to the PREZ when it was passed.... I told them that was incorrect and they just dismissed my comments and said I dodnt have a clue.....since they are my clients I just bit my lips and said pay your bill
gotta love it
gotta love it
- Thread starter
- #107
- 8,448
As I recall, President Obama had a majority of Democrats in both the House and the Senate when elected. The Affordable Care Act is called ObamaCare because it's his brainchild. Republicans had nothing to do with it.
- Thread starter
- #108
- 8,448
10.1.2015
CMS must respond to this Congressional investigation by 10.14.2015. Correction: The letter says "please", so it's not mandatory that CMS reply.
Ref: http://waysandmeans.house.gov/wp-co...2015.09.30_WM-Oversight-and-Health-to-CMS.pdf
Source Article: House Republicans investigate struggling ObamaCare co-ops | TheHill
ac
CMS must respond to this Congressional investigation by 10.14.2015. Correction: The letter says "please", so it's not mandatory that CMS reply.
Ref: http://waysandmeans.house.gov/wp-co...2015.09.30_WM-Oversight-and-Health-to-CMS.pdf
Source Article: House Republicans investigate struggling ObamaCare co-ops | TheHill
ac
You may find some more co-ops fold their hands when they find out there in no money in the honey hole
http://www.modernhealthcare.com/art...ntent=20151001-NEWS-151009996&utm_campaign=am
http://www.modernhealthcare.com/art...ntent=20151001-NEWS-151009996&utm_campaign=am
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