From the Post and Courier on 4/15/17:
“South Carolina’s chief insurance regulator filed a lawsuit in federal court Wednesday alleging the U.S. government’s decision to withhold millions of dollars from a health insurance co-op precipitated the group’s collapse in 2015 and that South Carolina taxpayers are now stuck with a multi-million-dollar bill.”
“This is yet another example of how the Affordable Care Act, in its current form, failed the public,” said Ray Farmer, director of the S.C. Department of Insurance and a member of Gov. Henry McMaster’s Cabinet.”
The suit is over the failure of Consumers Choice Health Plan, which covered thousands of SC Residents. They closed when the Federal Government failed to provide $36.9MM in funding promised under ObamaCare.
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