News BREAKING! - Nearly Half of Obamacare Co-Ops Are Closing

Discussion in 'The Howard Stern Show' started by NiggalissCage, Oct 28, 2015.

  1. NiggalissCage

    NiggalissCage Well-Known Member

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    Nearly half of the 23 non-profit insurance plans created under Obamacare in 2011 at a cost of $2.4 billion have announced they will close by the end of the year.

    Utah’s Arches Health Plan on Tuesday became the 10th health insurance co-op to announce that it was closing its doors. The move comes soon after the Obama administration’s decision on Oct. 1 to provide just 12.6 percent of the $2.87 billion that insurers were seeking to offset losses caused by unexpectedly high coverage costs.

    Even some senior Senate Democrats, including Sen. Chuck Schumer of New York – a state where more than 150,000 people will be losing their co-op insurance -- told The Fiscal Times last week that they were unaware of the crisis.

    http://finance.yahoo.com/news/nearly-half-obamacare-co-ops-211800098.html
     
  2. Onion

    Onion Well-Known Member

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    Is anyone REALLY surprised?
     
  3. XuXu

    XuXu VIP Extreme Gold

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    Do you mean the things that were a loophole to the law, like the Christian medical expense co-ops?
     
    Nikki likes this.
  4. Onion

    Onion Well-Known Member

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    This is just the beginning and it's going to get ugly fast.
     
  5. XuXu

    XuXu VIP Extreme Gold

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    :ral:
     
  6. MilkyDischarge

    MilkyDischarge Se suelto el diablo Gold

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    Holy shit! I pray, but doubt, mainstream media will pick this up.
     
  7. NiggalissCage

    NiggalissCage Well-Known Member

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    Never happen - the emperors clothes are indeed beautiful.
     
  8. Willy Pfister

    Willy Pfister VIP Extreme Gold

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    Hopefully we can get the folks responsible for engineering the mess back to the drawing board.

    They're sure to get it right the next time.
     
    Bye You! likes this.
  9. matt1357

    matt1357 Well-Known Member

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  10. Gitfiddle

    Gitfiddle Live Deliciously

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    Everyone just calm down and take out your checkbooks! We can make up the difference, I just know it!