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airdvr

Busted: Obamacare Co-Ops Are Underwater And Sinking Fast

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http://www.forbes.com/sites/merrillmatthews/2015/02/13/busted-obamacare-co-ops-are-underwater-and-sinking-fast/

Quote

And it’s more than just “controlled by policyholders.” People connected to the health insurance industry—that is, people who might actually know something about health insurance—are explicitly prohibited from being on a co-op board.



Insolvency feared for Obamacare co-ops after $376 million in losses in first year
http://www.washingtontimes.com/news/2015/jul/30/obamacare-co-ops-flailing-falling-behind-loans/?page=all

Quote

Obamacare’s co-ops, designed to give more choices for insurance, lost hundreds of millions of dollars in their first year and didn’t attract anywhere near as many customers as they had hoped, meaning they may go insolvent and default on taxpayer-funded loans, according to a government audit released Thursday.

One co-op already went belly-up, and all but one of the 22 others lost money in 2014, the Department of Health and Human Services inspector general said. Maine’s co-op was the only one to make money, reaping $5.86 million after it won 80 percent of the state’s Obamacare consumers.



Turns out making money in the insurance business isn't all that easy. I predict this is the future of Obamacare. You can't make money covering everything unless people who aren't making claims pay you as well.
Please don't dent the planet.

Destinations by Roxanne

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airdvr

http://www.forbes.com/sites/merrillmatthews/2015/02/13/busted-obamacare-co-ops-are-underwater-and-sinking-fast/

Quote

And it’s more than just “controlled by policyholders.” People connected to the health insurance industry—that is, people who might actually know something about health insurance—are explicitly prohibited from being on a co-op board.



Insolvency feared for Obamacare co-ops after $376 million in losses in first year
http://www.washingtontimes.com/news/2015/jul/30/obamacare-co-ops-flailing-falling-behind-loans/?page=all

***Obamacare’s co-ops, designed to give more choices for insurance, lost hundreds of millions of dollars in their first year and didn’t attract anywhere near as many customers as they had hoped, meaning they may go insolvent and default on taxpayer-funded loans, according to a government audit released Thursday.

One co-op already went belly-up, and all but one of the 22 others lost money in 2014, the Department of Health and Human Services inspector general said. Maine’s co-op was the only one to make money, reaping $5.86 million after it won 80 percent of the state’s Obamacare consumers.



Turns out making money in the insurance business isn't all that easy. I predict this is the future of Obamacare. You can't make money covering everything unless people who aren't making claims pay you as well.

Obama care is the new f-35
I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

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turtlespeed

***http://www.forbes.com/sites/merrillmatthews/2015/02/13/busted-obamacare-co-ops-are-underwater-and-sinking-fast/

Quote

And it’s more than just “controlled by policyholders.” People connected to the health insurance industry—that is, people who might actually know something about health insurance—are explicitly prohibited from being on a co-op board.



Insolvency feared for Obamacare co-ops after $376 million in losses in first year
http://www.washingtontimes.com/news/2015/jul/30/obamacare-co-ops-flailing-falling-behind-loans/?page=all

***Obamacare’s co-ops, designed to give more choices for insurance, lost hundreds of millions of dollars in their first year and didn’t attract anywhere near as many customers as they had hoped, meaning they may go insolvent and default on taxpayer-funded loans, according to a government audit released Thursday.

One co-op already went belly-up, and all but one of the 22 others lost money in 2014, the Department of Health and Human Services inspector general said. Maine’s co-op was the only one to make money, reaping $5.86 million after it won 80 percent of the state’s Obamacare consumers.



Turns out making money in the insurance business isn't all that easy. I predict this is the future of Obamacare. You can't make money covering everything unless people who aren't making claims pay you as well.

Obama care is the new f-35

I saw an F-35 at Oshkosh. Very impressive.
...

The only sure way to survive a canopy collision is not to have one.

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kallend

******http://www.forbes.com/sites/merrillmatthews/2015/02/13/busted-obamacare-co-ops-are-underwater-and-sinking-fast/

Quote

And it’s more than just “controlled by policyholders.” People connected to the health insurance industry—that is, people who might actually know something about health insurance—are explicitly prohibited from being on a co-op board.



Insolvency feared for Obamacare co-ops after $376 million in losses in first year
http://www.washingtontimes.com/news/2015/jul/30/obamacare-co-ops-flailing-falling-behind-loans/?page=all

***Obamacare’s co-ops, designed to give more choices for insurance, lost hundreds of millions of dollars in their first year and didn’t attract anywhere near as many customers as they had hoped, meaning they may go insolvent and default on taxpayer-funded loans, according to a government audit released Thursday.

One co-op already went belly-up, and all but one of the 22 others lost money in 2014, the Department of Health and Human Services inspector general said. Maine’s co-op was the only one to make money, reaping $5.86 million after it won 80 percent of the state’s Obamacare consumers.



Turns out making money in the insurance business isn't all that easy. I predict this is the future of Obamacare. You can't make money covering everything unless people who aren't making claims pay you as well.

Obama care is the new f-35

I saw an F-35 at Oshkosh. Very impressive.

Was it worth the money?
I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

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turtlespeed

*********http://www.forbes.com/sites/merrillmatthews/2015/02/13/busted-obamacare-co-ops-are-underwater-and-sinking-fast/

Quote

And it’s more than just “controlled by policyholders.” People connected to the health insurance industry—that is, people who might actually know something about health insurance—are explicitly prohibited from being on a co-op board.



Insolvency feared for Obamacare co-ops after $376 million in losses in first year
http://www.washingtontimes.com/news/2015/jul/30/obamacare-co-ops-flailing-falling-behind-loans/?page=all

***Obamacare’s co-ops, designed to give more choices for insurance, lost hundreds of millions of dollars in their first year and didn’t attract anywhere near as many customers as they had hoped, meaning they may go insolvent and default on taxpayer-funded loans, according to a government audit released Thursday.

One co-op already went belly-up, and all but one of the 22 others lost money in 2014, the Department of Health and Human Services inspector general said. Maine’s co-op was the only one to make money, reaping $5.86 million after it won 80 percent of the state’s Obamacare consumers.


Turns out making money in the insurance business isn't all that easy. I predict this is the future of Obamacare. You can't make money covering everything unless people who aren't making claims pay you as well.

Obama care is the new f-35

I saw an F-35 at Oshkosh. Very impressive.

Was it worth the money?

I think he got in free. Maybe did a demo or something.



:)

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muff528

************http://www.forbes.com/sites/merrillmatthews/2015/02/13/busted-obamacare-co-ops-are-underwater-and-sinking-fast/

Quote

And it’s more than just “controlled by policyholders.” People connected to the health insurance industry—that is, people who might actually know something about health insurance—are explicitly prohibited from being on a co-op board.



Insolvency feared for Obamacare co-ops after $376 million in losses in first year
http://www.washingtontimes.com/news/2015/jul/30/obamacare-co-ops-flailing-falling-behind-loans/?page=all

***Obamacare’s co-ops, designed to give more choices for insurance, lost hundreds of millions of dollars in their first year and didn’t attract anywhere near as many customers as they had hoped, meaning they may go insolvent and default on taxpayer-funded loans, according to a government audit released Thursday.

One co-op already went belly-up, and all but one of the 22 others lost money in 2014, the Department of Health and Human Services inspector general said. Maine’s co-op was the only one to make money, reaping $5.86 million after it won 80 percent of the state’s Obamacare consumers.


Turns out making money in the insurance business isn't all that easy. I predict this is the future of Obamacare. You can't make money covering everything unless people who aren't making claims pay you as well.

Obama care is the new f-35

I saw an F-35 at Oshkosh. Very impressive.

Was it worth the money?

I think he got in free. Maybe did a demo or something.



:)

I see what you did there.
I wonder if heel answer if the F-35 is worth the money that we pay for it, and the interest on that money as well.
I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

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kallend

******http://www.forbes.com/sites/merrillmatthews/2015/02/13/busted-obamacare-co-ops-are-underwater-and-sinking-fast/

Quote

And it’s more than just “controlled by policyholders.” People connected to the health insurance industry—that is, people who might actually know something about health insurance—are explicitly prohibited from being on a co-op board.



Insolvency feared for Obamacare co-ops after $376 million in losses in first year
http://www.washingtontimes.com/news/2015/jul/30/obamacare-co-ops-flailing-falling-behind-loans/?page=all

***Obamacare’s co-ops, designed to give more choices for insurance, lost hundreds of millions of dollars in their first year and didn’t attract anywhere near as many customers as they had hoped, meaning they may go insolvent and default on taxpayer-funded loans, according to a government audit released Thursday.

One co-op already went belly-up, and all but one of the 22 others lost money in 2014, the Department of Health and Human Services inspector general said. Maine’s co-op was the only one to make money, reaping $5.86 million after it won 80 percent of the state’s Obamacare consumers.



Turns out making money in the insurance business isn't all that easy. I predict this is the future of Obamacare. You can't make money covering everything unless people who aren't making claims pay you as well.

Obama care is the new f-35

I saw an F-35 at Oshkosh. Very impressive.

Yes. It does everything in a mediocre fashion and does nothing in a great way. It has a one size fits all approach. It is designed to replace a plethora of less expensive systems in order to keep costs down, and does so by being supremely expensive and over budget. Yes, the only way to keep the price of each one down is to increase the overall cost by buying more.

But it is cool to look at. I'll admit that. And it sure sounds awesome. It just does what it's supposed to do in a mediocre fashion. Like Obamacare. If you want your CAS aircraft you can keep it. Unless it is the cheaper and supremely effective A-10. It's gone.


My wife is hotter than your wife.

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lawrocket

*********http://www.forbes.com/sites/merrillmatthews/2015/02/13/busted-obamacare-co-ops-are-underwater-and-sinking-fast/

Quote

And it’s more than just “controlled by policyholders.” People connected to the health insurance industry—that is, people who might actually know something about health insurance—are explicitly prohibited from being on a co-op board.



Insolvency feared for Obamacare co-ops after $376 million in losses in first year
http://www.washingtontimes.com/news/2015/jul/30/obamacare-co-ops-flailing-falling-behind-loans/?page=all

***Obamacare’s co-ops, designed to give more choices for insurance, lost hundreds of millions of dollars in their first year and didn’t attract anywhere near as many customers as they had hoped, meaning they may go insolvent and default on taxpayer-funded loans, according to a government audit released Thursday.

One co-op already went belly-up, and all but one of the 22 others lost money in 2014, the Department of Health and Human Services inspector general said. Maine’s co-op was the only one to make money, reaping $5.86 million after it won 80 percent of the state’s Obamacare consumers.



Turns out making money in the insurance business isn't all that easy. I predict this is the future of Obamacare. You can't make money covering everything unless people who aren't making claims pay you as well.

Obama care is the new f-35

I saw an F-35 at Oshkosh. Very impressive.

Yes. It does everything in a mediocre fashion and does nothing in a great way.

Disagree. It makes a great deal of noise in a way that is far from mediocre.
...

The only sure way to survive a canopy collision is not to have one.

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kallend

************http://www.forbes.com/sites/merrillmatthews/2015/02/13/busted-obamacare-co-ops-are-underwater-and-sinking-fast/

Quote

And it’s more than just “controlled by policyholders.” People connected to the health insurance industry—that is, people who might actually know something about health insurance—are explicitly prohibited from being on a co-op board.



Insolvency feared for Obamacare co-ops after $376 million in losses in first year
http://www.washingtontimes.com/news/2015/jul/30/obamacare-co-ops-flailing-falling-behind-loans/?page=all

***Obamacare’s co-ops, designed to give more choices for insurance, lost hundreds of millions of dollars in their first year and didn’t attract anywhere near as many customers as they had hoped, meaning they may go insolvent and default on taxpayer-funded loans, according to a government audit released Thursday.

One co-op already went belly-up, and all but one of the 22 others lost money in 2014, the Department of Health and Human Services inspector general said. Maine’s co-op was the only one to make money, reaping $5.86 million after it won 80 percent of the state’s Obamacare consumers.



Turns out making money in the insurance business isn't all that easy. I predict this is the future of Obamacare. You can't make money covering everything unless people who aren't making claims pay you as well.

Obama care is the new f-35

I saw an F-35 at Oshkosh. Very impressive.

Yes. It does everything in a mediocre fashion and does nothing in a great way.

Disagree. It makes a great deal of noise in a way that is far from mediocre.

Awesome, so it does things that violate reasonable and understandable ordinances and laws regarding noise in a superior way. Yup. Still can't see a deviation from the analogy.
I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

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