ObamaCare Co-Op Update: Another One Bites the Dust
Yet another ObamaCare co-op insurance provider has failed, this time in Ohio. The failure of the Buckeye State's InHealth Mutual marks the 13th co-op failure since the beginning of 2015. That means more than half of the 23 co-op plans created under ObamaCare have crashed and burned.
That's 20,000 more people who can't keep their health care plan, even if they like it.
That's 20,000 more people who are now forced to search out new health care plans in the middle of the year, after they had already selected one.
And they might find securing another affordable plan a tough task. After all, this co-op failure comes against the backdrop of major insurance providers like UnitedHealthcare abandoning ObamaCare exchanges across the country, and of other insurance providers requesting double-digit rate increases in premium costs.
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