8 of 11 Remaining Obamacare Co-ops on Verge of Collapse
26th February 2016
Of the 11 remaining health insurance co-ops created under Obamacare, eight of them could collapse in less than a year. Moreover, the 11 remaining are less than half of the original twenty-three that were established in 2012 to compete with for-profit, private insurance companies. This from Mandy Cohen, one of the top federal health officials in charge of overseeing the implementation of Obamacare. As COO of the Centers for Medicare and Medicaid Services, Cohen’s responsibilities not only cover the physical presence of Obamacare throughout the country but its disastrous virtual presence in the form of healthcare.gov.
In addition to the possible collapse of the healthcare co-ops, Cohen hinted that there was much more at stake than just the loss of insurance for consumers.