Draggingtree Posted October 15, 2015 Share Posted October 15, 2015 Legal Insurrection5th Obamacare Co-op Shutting Down: Kentucky Edition Posted by Kemberlee Kaye October 15, 2015 at 8:30am 51,000 to lose their insurance plans Kentucky’s nonprofit health insurer cooperative established under Obamacare announced it will be shutting down due to financial troubles. As a result, 51,000 individuals will lose their health insurance plans at the end of the year. It turns out, not everyone enrolled in health insurance plans through state-level co-ops pay their premiums. Gee, it’s almost like Republicans predicted this might be an issue. The fifth such co-op to close, the remaining 18 are all on equally unstable footing. 21 of the 23 co-ops were losing money at the end of 2014, and 11 have received warning letters. According to The Hill: Kentucky Health Cooperative, a nonprofit insurer known as a co-op, explained that it could not stay financially afloat Link to comment Share on other sites More sharing options...
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