October 17, 2015

Non profit Obamacare plans collapsing

Washington Post -Nearly a third of the innovative health insurance plans created under the Affordable Care Act will be out of business at the end of 2015, following announcements Friday that plans in Oregon and Colorado are folding.

In just the past week, four co-ops, as the nonprofit plans are known, have decided or been ordered to shut down. Their demise means that eight of the 23 co-ops in existence a year ago will be unavailable to consumers shopping for 2016 coverage through insurance marketplaces created under the ACA.

3 comments:

Caro said...

I'm really sorry to see this. I thought these programs could lead the way to single payer.

Anonymous said...

A president that believes in single payer and makes it a priority could lead the way to single payer.

Anonymous said...

Oh, we're well on our way to a single payer system and it's likely to be a reality way sooner than you might think. The concentration healthcare providers has been occurring at a frenzied pace for the past few years and even though congress may occasionally makes noises there has been little accomplished in the way of antitrust enforcement.
http://www.wsj.com/articles/health-care-providers-insurers-supersize-1442850400