Obamacare’s Biggest Government-Backed Non-Profit Insurer Is Shutting Down
29th September 2015
Despite attracting more sign-ups than any other co-op, Health Republic lost about $130 million during its first year and a half in operation. While other co-op plans have struggled with low enrollment, the deeper problem for all of the plans is that beneficiaries appear to be sicker, and thus more expensive to cover, than expected.
In other words, the plan was flawed from the get-go.