<p style="font-family:Arial, Helvetica, sans-serif;color:rgb(62,61,61);">"Centers for Medicare and Medicaid Services chief operating officer Mandy Cohen told lawmakers in February that eight of the 11 remaining Obamacare co-ops in operation were selected for “corrective action plans” and “enhanced oversight.” She did not disclose which co-ops were placed on these plans.


<p style="font-family:Arial, Helvetica, sans-serif;color:rgb(62,61,61);">A professor who specializes in economics and health insurance told lawmakers in March that closures of the remaining co-ops seem likely.


<p style="font-family:Arial, Helvetica, sans-serif;color:rgb(62,61,61);">“The future of the 11 co-ops still providing coverage in 2016 is uncertain, but future closures seem likely,” said Dr. Scott Harrington. “The 10 co-ops still operating with June 30 financials reported a cumulative loss of $202.3 million.”


<p style="font-family:Arial, Helvetica, sans-serif;color:rgb(62,61,61);">“Very little, if any, of the $1.24 billion in federal start-up and solvency loans to establish those co-ops will be repaid, and at least several will be unable to meet all of their obligations to policyholders and health care providers,” he said."


 

http://freebeacon.com/issues/thirteen-23...re-failed/

 

 

Nice to the see that the Feds threw all our money down a trash can.

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