And another one bites the dust...

 

http://www.courant.com/business/connecti...story.html

 

<p style="font-size:18px;font-family:Georgia, 'Droid Serif', serif;color:rgb(51,51,51);">"HealthyCT, which was launched in 2011 by Connecticut physicians, has received about $75 million in startup loans and $48.4 million in solvency loans. It first had customers on its policies in January 2014.

<p style="font-size:18px;font-family:Georgia, 'Droid Serif', serif;color:rgb(51,51,51);">The company will wind down through the middle of next year. Once all the customers are gone, 72 Wallingford-based employees will be out of work, a spokeswoman for the nonprofit said.

<p style="font-size:18px;font-family:Georgia, 'Droid Serif', serif;color:rgb(51,51,51);">Fourteen of the nonprofits in the country have either shut down or are in the process of winding down, like HealthyCT. Most failed by the end of last year.

<p style="font-size:18px;font-family:Georgia, 'Droid Serif', serif;color:rgb(51,51,51);">In Illinois, the state insurance commissioner forbid the co-op from paying its risk adjustment payment because it would have to have a midyear shutdown if it did, Corlette said."

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