Worthy Christian News » US News » Official: 8 of 11 Remaining Obamacare Co-Ops on the Brink


Official: 8 of 11 Remaining Obamacare Co-Ops on the Brink

Monday, February 29, 2016 | , Tag Cloud

Enrollment in California's healthcare program for the poor has soared as the state implements President Obama's federal overhaul, pleasing advocates who have sought expanded coverage but also presenting new costs for the state -- a total of $1.2 billion more than originally thought.

(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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Worthy Christian News » US News » Official: 8 of 11 Remaining Obamacare Co-Ops on the Brink

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Worthy Christian News » US News » Official: 8 of 11 Remaining Obamacare Co-Ops on the Brink