Three weeks ago we wrote a story about Obamacare’s health insurance cooperatives being in serious trouble.
Well guess what …
According to the Associated Press, Consumers’ Choice Health Insurance Co. – a South Carolina cooperative formed under Barack Obama‘s so-called “Affordable Care Act” – will not sell policies in 2016 due to its “financially hazardous condition.”
“I did not have the confidence that this company would be a viable entity throughout the entire year of 2016,” Ray Farmer, director of the S.C. Department of Insurance, told the wire service.
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