Wednesday, October 23, 2013

Co-Ops Created Under Obamacare Are Crumbling | National Review Online

Co-Ops Created Under Obamacare Are Crumbling | National Review Online: "Health-care co-ops that were established under the Affordable Care Act to provide a non-profit alternative to major health-care insurers, thereby promoting greater competition, are facing funding pitfalls and potential closures. According to a Washington Post report, these co-ops—different from traditional insurers because of their nonprofit status and governing board of policyholders—have faced government funding cuts and prohibitive red tape and may soon have great difficulty paying back their taxpayer loans valued at nearly $1 billion.

Thus far, one co-op has closed, another is struggling, nine more have projected financial problems, and 40 co-op applications were withdrawn owing to funding "

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