Official: 8 of 11 Remaining Obamacare Co-Ops on the Brink
(Worthy News) – An official with the Centers for Medicare and Medicaid Services told lawmakers last week that eight of the 11 remaining Obamacare co-ops have been selected for ‘corrective action plans’ and ‘enhanced oversight.’
Twenty-three co-ops were created under the president’s health care overhaul, and so far more than half have collapsed and are no longer selling plans in the marketplace. The 12 co-ops that went out of business operated in Arizona, Michigan, Utah, Kentucky, New York, Nevada, Louisiana, Oregon, Colorado, Tennessee, South Carolina and a co-op serving Iowa and Nebraska.
The agency’s chief operating officer, Dr. Mandy Cohen, told the House Oversight and Government Reform committee that the 11 co-ops that remain are “being monitored closely,” and that eight have a corrective action plan in place and are under enhanced oversight. [ Source ]
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