HealthRisk
Expert
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Oregon's Health Co-Op is still alive and kicking. Oregon has 2 co-ops and Health Republic is the one that announced it will be closing at year end.
ACA Government Co-Ops: Is This Experiment Working In Your State?
- Thread starter AllenChicago
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Oregon's Health Co-Op is still alive and kicking. Oregon has 2 co-ops and Health Republic is the one that announced it will be closing at year end.
Thanks for the heads-up HealthRisk. I just corrected that entry. There were supposed to be 50 Co-ops. How did Oregon get 2 of these beauties, when Congress decided that 23 experiments were enough?
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It seems that every state that did is being left hung out to dry. Here in Obama's home state of IL, if you win more than $599 in the lottery, you're getting an IOU now. Jessie Jackson Sr. got so mad at his former friend, that he started crying on TV last week.
BTW.. There are still people enrolling in Colorado's Co-Op today, for SEP 2015 coverage. Word travels slow in the mountains?
HealthRisk
Expert
- 43
It must have been a hedge against the most non-existent exchange for 2014.
- 2,908
Or else Obama said that he wanted one for each of the 57 states so there were some leftovers.
Oregon's Health Co-Op is still alive and kicking. Oregon has 2 co-ops and Health Republic is the one that announced it will be closing at year end.
According to Health Republic NJ, everything is fine. They're a separate company and none of this affects them.
There's only 5 carriers in the state, and only about 49.4% of eligible citizens have health insurance-one of the worst in the nation. They certainly have the room to stake out a place in the market.
Even in the best case scenario, co-ops might be a flawed concept destined to fail. I can't think of any other industry with this high a failure rate, especially after receiving significant gov't grants.
sales people.... 2 of 10 make it
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I think it is more like 1 in 10....unless you're in TX. 2 in 10 there.
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October 19, 2015
Now I understand why the Co-Ops(for the most part) aren't listed on any of the RateReview or state SERFF websites. It's not because their premium increase was under 10%, it's because Congress allowed them to be "secretive".
"In creating the co-ops under Obamacare, Congressional Democrats exempted the co-ops from public disclosure rules that apply to publicly traded insurance companies and other publicly traded corporations on such exchanges as the New York Stock Exchange. Those rules require immediate disclosure of materially important financial details.
Aaron Albright, chief CMS spokesman, said 11 co-ops "are either on a corrective action plan or enhanced oversight. We have not released the letters or names." He gave no grounds for withholding the information from either the public or Congress.
CMS officials have stonewalled multiple congressional inquiries into the co-op financial problems. The latest congressional inquiry came in a September 30 letter to CMS acting administrator Andy Slavitt demanding transparency over the troubled program."
Ref: Feds Hide Secret List Of 11 Staggering Obamacare Insurers | The Daily Caller
This past Friday night, our IL Co-op finally published their premium increases for 2016, after receiving HHS approval of the increase request. They range from 7.8% to 52.7%, with a weighted state average of 29.4%. These requested increases for this Consumer Operated & Oriented Program (Co-Op) were never divulged to...Consumers.
This Co-Op debacle reminds me of the movie where this guy stabbed his colleague in the gut and kept twisting the knife...smiling the entire time.
-ac
Now I understand why the Co-Ops(for the most part) aren't listed on any of the RateReview or state SERFF websites. It's not because their premium increase was under 10%, it's because Congress allowed them to be "secretive".
"In creating the co-ops under Obamacare, Congressional Democrats exempted the co-ops from public disclosure rules that apply to publicly traded insurance companies and other publicly traded corporations on such exchanges as the New York Stock Exchange. Those rules require immediate disclosure of materially important financial details.
Aaron Albright, chief CMS spokesman, said 11 co-ops "are either on a corrective action plan or enhanced oversight. We have not released the letters or names." He gave no grounds for withholding the information from either the public or Congress.
CMS officials have stonewalled multiple congressional inquiries into the co-op financial problems. The latest congressional inquiry came in a September 30 letter to CMS acting administrator Andy Slavitt demanding transparency over the troubled program."
Ref: Feds Hide Secret List Of 11 Staggering Obamacare Insurers | The Daily Caller
This past Friday night, our IL Co-op finally published their premium increases for 2016, after receiving HHS approval of the increase request. They range from 7.8% to 52.7%, with a weighted state average of 29.4%. These requested increases for this Consumer Operated & Oriented Program (Co-Op) were never divulged to...Consumers.
This Co-Op debacle reminds me of the movie where this guy stabbed his colleague in the gut and kept twisting the knife...smiling the entire time.
-ac
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