Repealing Itself? Only Four of 24 Obamacare Exchanges Remain Open
12th December 2016
With the near-collapse of Maryland’s co-op — called Evergreen Health — at least 989,000 individuals nationwide have lost their health insurance coverage when the nonprofit co-ops stopped selling insurance to customers, according to TheDCNF’s tally.
The losses cost taxpayers at least $2.2 billion in upfront federal loans awarded by the Obama administration to 24 nonprofit co-ops under Obamacare. The co-ops were intended to help keep health care costs down by providing non-profit competition with commercial for-profit insurers.
December 12th, 2016 at 17:08
You mean…competition didn’t keep prices down?? *gasp* Where did the Invisible Hand go wrong?
Maybe now we can shift the conversation away from “affordable health care insurance” to the proper subject, which is “affordable health care“. But I doubt it; the Trump administration will merely return to the conservative version of “Death Panels”: the rich live, the poor die.