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Friday, July 31, 2015

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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2 comments:

  1. what do you expect The democrats are fools they thought it was going to be free

    ReplyDelete
  2. what do you expect The democrats are fools they thought it was going to be free

    ReplyDelete

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