The Washington Post is reporting that two more Obamacare health plans are collapsing and that by the end of this year, nearly a third of these companies will go out of business.
Funny how nothing about this came up at the Democrat debate, huh?
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Here’s the report:
Two more Obamacare health insurance plans collapse
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.
Federal health officials have been cracking down recently on many of the plans, warning them that their finances, enrollment or business model needed to shape up. Some state regulators have applied pressure of their own.
If only someone had warned us that Obamacare was going to be a disaster.