Well, in March, it was reported that the last remaining Obamacare exchanges are on the verge of failing. Two more exchanges in Connecticut and Oregon recently decided to close shop. Right now, roughly one-third of the exchanges are left out of 23 that were set up. Virtually every exchange that remains could fold this year. Ali Meyer of The Washington Free Beacon reported once again from the ruins of this health care venture:
Six of the seven Obamacare co-ops that are still in operation are currently on corrective action plans, according to an official from the Centers for Medicare and Medicaid Services.
The Illinois Department of Insurance announced this week that it was requesting an order of rehabilitation for the state’s Land of Lincoln Health co-op because of its unsustainable financial position. The co-op was originally awarded $160.2 million by CMS.
AAN Staff
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