More CO-OPs continue to fail across the country

With the collapse of Oregon and Colorado’s CO-OPs,  a third of all the ObamaCare-created plans have gone under.  This represents just shy of a Billion dollars in taxpayer money lost.  ObamaCare legislation was supposed to provide $3 billion in funding to the CO-OP’s – but can only pay 12.5% of that.  The question, “HOw are we going to pay for …

EMBLEMHEALTH ADDS STONY BROOK UNIVERSITY HOSPITAL TO ITS SELECT CARE PROVIDER NETWORK

New York, NY – EmblemHealth and Stony Brook University Hospital, Suffolk County’s only academic medical center, announced today that they have entered into an agreement, effective November 1, 2015, for Stony Brook University Hospital to provide covered medical services to Suffolk County members in EmblemHealth’s Select Care plans that service individuals and small groups both on and off the NY …

As we gear up for Open Enrollment 2015 – ObamaCare’s largest CO-OP fails.

ObamaCare created “CO-OP” heath plans, and provided startup loans. But would they survive? Would the theory that not-for-profit health plans could not only compete, but would be “better” than commercial insurance companies, pan out? It is starting to look like the answer is a resounding “NO.” Co-ops in Louisiana, Vermont, Nevada, Nebraska and Iowa failed earlier in the year. Now …