Nonprofit ObamaCare plans in financial trouble

Most nonprofit “co-op” health insurers set up under ObamaCare are losing money and falling short of enrollment targets, according to a Health Department watchdog report.

These nonprofit co-op health plans were created under ObamaCare as a compromise after liberals failed to secure a “public option,” a government-run plan to compete with insurers.

The law ended up allowing the government to make start-up loans to nonprofit co-ops that would compete with the established insurers.

However, the report released Thursday from the Department of Health & Human Services Inspector General finds that many of these co-ops are struggling.

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