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Largest Obamacare Healthcare Co-op to Close

1K views 9 replies 8 participants last post by  zzrguy 
#1 ·
"Regulators to Shut Down Health Republic Insurance of New York

Regulators will shut down Health Republic Insurance of New York, the largest of the nonprofit
cooperatives created under the Affordable Care Act, in the latest sign of the financial pressures
facing many insurers that participated in the law's new marketplaces.

The insurer lost about $52.7 million in the first six months of this year, on top of a $77.5
million loss in 2014, according to regulatory filings. The move to wind down its operations was
made jointly by officials from the federal Centers for Medicare & Medicaid Services; New York's
state insurance exchange, known as New York State of Health; and the New York State Department
of Financial Services."

Read more: http://legalinsurrection.com/2015/09/largest-obamacare-healthcare-co-op-to-close/
 
#2 ·
Yep. My friend, who is also my Pastor had this. He's now choosing his 4th healthcare provider in 4 years.

Thanks Obamacare!

If you like your plan....blah blah blah
 
#10 ·
That will have to have a rider for a defibrillator that's another 1200 a year.
 
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