CO-OP Calamity Continues, Costing Taxpayers More than $2 Billion
WASHINGTON, DC – Nineteen of the original 23 Obamacare CO-OPs have failed at a total cost to taxpayers of more than $2 billion, and left vulnerable patients with fewer places to turn for help.
The latest CO-OP to leave the marketplace is Minuteman Health, Inc., which serves both Massachusetts and New Hampshire. With Minuteman’s exit, 37,000 patients will be forced to find a new health care plan for January.
The only CO-OPs still slated to be open to patients in January are: New Mexico, Maine, Wisconsin, and Montana.
CO-OPs that have failed and taxpayer dollars received (in order by closing announcement):
CoOportunity Health - Iowa and Nebraska
Louisiana Health Cooperative, Inc.
Nevada Health Cooperative
Health Republic Insurance of New York
Kentucky Health Care Cooperative - Kentucky and West Virginia
Community Health Alliance Mutual Insurance Company - Tennessee
Health Republic Insurance of Oregon
Consumers' Choice Health Insurance Company - South Carolina
Arches Mutual Insurance Company – Utah
Meritus Health Partners – Arizona
Consumers Mutual Insurance – Michigan
InHealth Mutual – Ohio
HealthyCT – Connecticut
Oregon Health’s CO-OP
Land of Lincoln Health – Illinois
Health Republic Insurance of New Jersey
Evergreen Health Cooperative Inc. – Maryland
Minuteman Health, Inc. – Massachusetts and New Hampshire
TOTAL TAXPAYER DOLLARS: $2,042,008,855
Note: This total does not include Vermont’s CO-OP, which was denied an insurance license by the state, and was dissolved before enrolling a single person.