Crocodile Tears Over The Failing Obamacare Co-Ops–The Canaries In The Obamacare Coal Mine – Forbes

Quite candidly, anybody dumb enough to take the government money under these circumstances wasn’t going to be smart enough to pull it off.Let me also suggest that these struggling Obamacare co-ops are tantamount to the canaries in the Obamacare coal mine.These plans are exclusively in the business of the Obamacare insurance exchanges. If you want to segregate the Obamacare insurance business model from the overall insurance business to examine it, the co-ops are pure Obamacare.Just how well have all of the co-ops done?As the Washington Post recently reported, of the 23 Obamacare insurance co-ops in business on June 30, 2015, each of them charted in the article, 20 of them were losing money–most of these relatively tiny insurance start-ups showed staggering losses in the range of $4,000,000 to $50,000,000!

Source: Crocodile Tears Over The Failing Obamacare Co-Ops–The Canaries In The Obamacare Coal Mine – Forbes

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