The Ongoing Failure of Obamacare, Right Here in Colorado
My latest for the Denver Post:
Last month, Colorado HealthOP, the state's largest non-profit health insurer, was removed from Colorado's Obamacare exchange, Connect for Health Colorado, because massive ongoing losses have rendered it financially unstable. As of next year, the co-op's 83,000 members will have to find new health coverage, while taxpayers are on the hook for more than $70 million in startup loans.
The Denver Post reported earlier this year that Colorado HealthOP, which captured roughly 40 percent of all health insurance enrollments though the state exchange and was its largest carrier, garnered market share with an "aggressive price cut ... but analysts warn the move carries financial risk."
You don't say. Too bad the risk was yours and mine instead of theirs.
Just days before Colorado HealthOP's collapse, the federal Department of Health and Human Services announced that it expects to have approximately 10.4 million Americans enrolled through Obamacare "marketplaces" at the end of 2016 — less than half the number predicted by the Congressional Budget Office just two years ago.
http://www.rossputin.com/blog/index.php/the-ongoing-failure-of-obamacare
