Four of them have failed so far this year.
The article says the Obama Administration admits the co-ops are having issues. Examples:
- In March, CMS Acting Administrator Andy Slavitt told a Senate hearing that “a co-op in Iowa and Nebraska, called CoOportunity, should have been shut down before it entered 2015.”
- “Connecticut’s insurance department...said that its commissioner, as well as officials from other states, ‘personally met with HHS Secretary [Sylvia] Burwell to seek a more workable’ system,” but no solution has been reached.
- Thousands of Ohio residents are being forced to find new health coverage because their insurer, InHealth Mutual, one of the Affordable Care Act’s co-ops, is being liquidated. InHealth Mutual provided coverage for about 22,000 Ohioans, who may have to pay higher premiums for new plans.