- Accuracy in Media - https://www.aim.org -

10 of 23 ObamaCare Co-Ops have Failed, Costing at least $1.1 Billion

Maybe it’s a bad law after all? Wait, we’ve known that for some time. Via Free Beacon [1]:

Ten of the 23 health insurance co-ops created under Obamacare have gone out of business, and experts say more will follow.

Utah’s Arches is the latest [2] co-op to fail, along with others in Kentucky, New York, Nevada, Louisiana, Oregon, Colorado, Tennessee, South Carolina and a co-op that served both Iowa and Nebraska.

Experts say that the co-ops are failing because of artificially low premiums, strict regulations, and too many people requiring payouts.