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Frustration mounts over ObamaCare co-op failures

Frustration mounts over ObamaCare co-op failures

By Peter Sullivan:

A new wave of failures among ObamaCare’s nonprofit health insurers is disrupting coverage for thousands of enrollees and raising questions about whether regulators could have acted earlier to head off some of the problems.

Four ObamaCare co-ops have failed due to financial problems since the beginning of the year, the latest trouble for the struggling program.

The co-ops were set up under ObamaCare to increase competition with established insurers, but just seven of the original 23 co-ops now remain.

The latest round of failures poses an even thornier problem than earlier cases because enrollees’ coverage is now being disrupted in the middle of the year. That can increase patients’ out of pocket costs and make it harder to keep the same doctors.

In Illinois, Oregon and Ohio, a combined total of about 92,000 people are being forced to find a new plan. A co-op in a fourth state, Connecticut, will last until the end of the year.

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Post source : http://thehill.com/policy/healthcare/289847-frustration-mounts-over-obamacare-co-op-failures

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• Co-Host “Live in Las Vegas w/Dave & Chad” KDWN 720AM 2014 - present • Operations Manager / Sports Director KXNT 100.5FM ’10-’14 • Co-Host “Over/Under” KXNT 100.5FM ‘10-’12 • Producer Las Vegas’ #1 morning show “mark & Mercedes” ‘01-’05 • Imaging director/Assistant Program Director 100.5 Jack FM ‘05-’10 • E.M.A (Best Production / Creative Services Manager) 2006 "One of Chad's great strengths is his sense of humor and translating it on the air. Not only did he have the staff constantly laughing in the hallways, he kept our listeners coming back for more on the air." Vice President of Programming Beasley Broadcasting: Justin Chase

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