{"id":66809,"date":"2016-07-13T06:45:31","date_gmt":"2016-07-13T10:45:31","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=66809"},"modified":"2016-07-12T15:45:40","modified_gmt":"2016-07-12T19:45:40","slug":"looking-for-an-obamacare-health-co-op-good-luck","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=66809","title":{"rendered":"Looking for An “ObamaCare” Health Co-Op? Good Luck."},"content":{"rendered":"

Remember that \u00a0\u00a0\u00a0\u00a0\u00a0 truly asinine exercise in socialist idiocy<\/del>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 healthcare “innovation” called the Patient Protection and Affordable Care Act – AKA “ObamaCare”?\u00a0 Remember how it was supposed to use “nonprofit healthcare cooperatives” as an integral part of its design?<\/p>\n

Well, as I’ve written before here<\/em><\/a> those cooperatives haven’t exactly been doing that well.\u00a0 As of March, roughly half of them had gone bankrupt.<\/p>\n

Last week, the axe fell on another two ObamaCare cooperatives:\u00a0 HealthyCT and Oregon\u2019s Health Co-Op<\/em><\/a>.\u00a0 The former is now operating under an order of supervision, having recently been ordered to pay the CMS risk adjustment program more than $13M.\u00a0 The latter is being placed into receivership and liquidated.<\/p>\n

A third cooperative had already gone belly-up between March and last week.\u00a0 This means that of the original 23 ObamaCare cooperatives, only 8<\/strong> remain in operation.\u00a0 The rest have all failed<\/span>.\u00a0 And those that are still in business aren’t doing so well.<\/p>\n

These new failures aren’t exactly a surprise, either.\u00a0 Back in March – when 11 of the cooperatives still were in operation – only 1 was expected to finish the year “in the black”.\u00a0\u00a0 The rest were collectively expected to lose in excess of $200M total – and it looks like that may well turn out to be accurate.<\/p>\n

That’s not exactly a sustainable business model.<\/p>\n

And that’s not all.\u00a0 We still haven’t seen the large expected premium hikes experts say we’ll see for next year – and which will be announced this fall.<\/p>\n

So if you need to use one of those ObamaCare cooperatives to procure health insurance – best of luck to ya.\u00a0 Either way (no cooperative serving your area, or too expensive) you may well be SOL.<\/p>\n

Sheesh.\u00a0 When it came to this ridiculous concept, even Stevie Wonder could have told Congress he could see failure down the road.<\/p>\n

Well, he could have had they let him read the bill before passing it.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Remember that \u00a0\u00a0\u00a0\u00a0\u00a0 truly asinine exercise in socialist idiocy\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 healthcare “innovation” called the Patient Protection and … Looking for An “ObamaCare” Health Co-Op? Good Luck.<\/span>Read more<\/a><\/p>\n","protected":false},"author":623,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[88],"tags":[],"class_list":["post-66809","post","type-post","status-publish","format-standard","hentry","category-health-care-debate"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/66809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/623"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66809"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/66809\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}