ACA Government Co-Ops: Is This Experiment Working In Your State?

[Yagents]

Some famous person once said....You can't cheat the numbers. Or, was it, you can't make up your own facts?

Colorado health insurer unsuccessfully challenges closure - Baltimore Sun

 

[somarco]

https://www.youtube.com/watch?v=yoWEoxwtFBM

 

[AllenChicago]

October 22, 2015 Update:

Re: 2016 Important Message | CCHPSC

With today's announcement that South Carolina's Consumer's Choice Co-op will soon be shutting down,

It's time to update the list..

We started with 23 state Co-ops on January 1, 2014. These have gone belly-up after 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

6. Kentucky Health Cooperative - Kentucky

7. Community Health Alliance - Tennessee

8. Colorado HealthOP - Colorado

9. Health Republic Insurance - Oregon (1 of 2 in the state)

10. Consumers' Choice Health Plan - South Carolina

Here's a webpage that contains a map of the Open/Closed Consumer Operated and Oriented Plans. (Note: The South Carolina closing is not reflected)

Ref: Wave of Health Insurance CO-OPs to Shut Down in Latest ACA Failure | Cato @ Liberty

Taxpayers have now been exposed to a 43% failure rate for this U.S. Government experiment. The Feds say that they expect to "lose a few more" Co-Ops. Hurting American Citizens obviously means nothing to these callous bureaucrats. They used taxpayer money to test a crazy theory that's failing miserably. What we're witnessing is a microcosm of what would happen to an underfunded national Single-Payer system.

ac

 

[healther]

October 22, 2015 Update:

Re: 2016 Important Message | CCHPSC

With today's announcement that South Carolina's Consumer's Choice Co-op will soon be shutting down,

It's time to update the list..

We started with 23 state Co-ops on January 1, 2014. These have gone belly-up after 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

6. Kentucky Health Cooperative - Kentucky

7. Community Health Alliance - Tennessee

8. Colorado HealthOP - Colorado

9. Health Republic Insurance - Oregon (1 of 2 in the state)

10. Consumers' Choice Health Plan - South Carolina

Here's a webpage that contains a map of the Open/Closed Consumer Operated and Oriented Plans. (Note: The South Carolina closing is not reflected)

Ref: Wave of Health Insurance CO-OPs to Shut Down in Latest ACA Failure | Cato @ Liberty

Taxpayers have now been exposed to a 43% failure rate for this U.S. Government experiment. The Feds say that they expect to "lose a few more" Co-Ops. Hurting American Citizens obviously means nothing to these callous bureaucrats. They used taxpayer money to test a crazy theory that's failing miserably. What we're witnessing is a microcosm of what would happen to an underfunded national Single-Payer system.

ac

How has this "Hurt(ing) American Citizens"? The way I see it, they took the risk by offering low cost plans in an insanely risky pool, and got nailed by the adjustments to the Risk Corridor... (side note) while some of the other major carriers sat on the sidelines and waited for the risk to adjust itself. I see it as a gamble that didn't pay off for some, but some are still sitting at the table... this is nothing but a slow play into a Single-Payer system that would have been paying out all this cash either way. It's a wash, at best IMO.

 

[AllenChicago]

How has this "Hurt(ing) American Citizens"? The way I see it, they took the risk by offering low cost plans in an insanely risky pool, and got nailed by the adjustments to the Risk Corridor... (side note) while some of the other major carriers sat on the sidelines and waited for the risk to adjust itself. I see it as a gamble that didn't pay off for some, but some are still sitting at the table... this is nothing but a slow play into a Single-Payer system that would have been paying out all this cash either way. It's a wash, at best IMO.

Point taken, Healther. This U.S. govt experiment isn't paying off the way they had hoped it would. Not all citizens were directly hurt. Just many of those who enrolled in one of the failed Co-ops as insureds, or to a lesser degree, earned income through one of them as an employee or contractor.

If the government hopes to replace the current system with Single Payer, and still keep America as the beacon of top-quality healthcare in the world, taxes on everyone would have to be increased astronomically. American citizens aren't fed up enough (yet) to support this, IMO.
ac

 

[healther]

Point taken, Healther. This U.S. govt experiment isn't paying off the way they had hoped it would. Not all citizens were directly hurt. Just many of those who enrolled in one of the failed Co-ops as insureds, or to a lesser degree, earned income through one of them as an employee or contractor.

If the government hopes to replace the current system with Single Payer, and still keep America as the beacon of top-quality healthcare in the world, taxes on everyone would have to be increased astronomically. American citizens aren't fed up enough (yet) to support this, IMO.
ac

In our area the enrollees will actually get a bump in benefits and access as the Blue products move into the SLCSP (which they may have already been for 2016). Those employees losing their job definitely seem to be the most negatively impacted. Our SC Co-Op was fully expecting to roll into 2016, they were caught off-guard yesterday.

I expect, as the wealth gap continues to grow, there will be a Single Payer system for most... and higher priced concierge option for those with the means.

 

[somarco]

SP isn't working in Europe. Bankrupting countries. Why would it be different here, especially since we are already bankrupt. Just not ready to admit it yet.

 

[HealthRisk]

How has this "Hurt(ing) American Citizens"? The way I see it, they took the risk by offering low cost plans in an insanely risky pool, and got nailed by the adjustments to the Risk Corridor... (side note) while some of the other major carriers sat on the sidelines and waited for the risk to adjust itself. I see it as a gamble that didn't pay off for some, but some are still sitting at the table... this is nothing but a slow play into a Single-Payer system that would have been paying out all this cash either way. It's a wash, at best IMO.

They did take a risk, but the risk wasn't with their own money. That changes the decision making process.

I think it shouldn't be lost either that the risk corridor adjustment didn't just hit co-ops. The lopsidedness of the result indicates rates are well below where they should be and substantial rate increases will be forthcoming in 2017, especially as reinsurance is phased out completely.

 

[Yagents]

Enjoy the last year everyone........i hear someone singing

I think it shouldn't be lost either that the risk corridor adjustment didn't just hit co-ops. The lopsidedness of the result indicates rates are well below where they should be and substantial rate increases will be forthcoming in 2017, especially as reinsurance is phased out completely.

 

[Ann H]

Enjoy the last year everyone........i hear someone singing

Yes, but to be politically correct, it's not a fat lady. It's a gender-neutral, weight impaired person.

About it being "the last year". Yep. When this started we predicted it would be 3-5 years to the crash, and this is year 3.