Oct 16, 2015
“Here to Stay”…?
Post by Derek Yale
Arlington, VA—President Obama says Obamacare is “working” and “here to stay,” but the seven-and-counting failed CO-OPs paint a different picture about the success of the Affordable Care Act. The closure of these CO-OPs—which were designed as a public option “compromise” — means that hundreds of thousands of Americans will lose their health care next year and nearly $800 million taxpayer dollars were wasted on the failed programs.
Freedom Partners released a video, “’Here To Stay’…?”, which highlights the CO-OPs that have failed in Iowa and Nebraska, New York, Nevada, Louisiana, Kentucky, Tennessee, and Vermont (where the CO-OP was deemed insolvent before it even launched).
(October 19 Update: After posting this blog on October 16, two additional CO-OPs announced they are closing—one in Colorado and one in Oregon.)
SHOT: POTUS: “…We Can Now Say This For Certain: The Affordable Care Act Still Stands, It Is Working, And It Is Here To Stay.” (President Obama, “WEEKLY ADDRESS: The Affordable Care Act is Here to Stay,” Office of the Press Secretary, The White House, 6/27/15)
CHASER: “One Third Of Obamacare Co-Ops Are Now Officially Dead.” “One-third of the Obamacare health insurance co-ops have now failed, causing about 400,000 policyholders in 10 states to scramble for new coverage for 2016. Seven of the 23 co-ops created by the Affordable Care Act in 2011 at a cost of $2.4 billion — including many launched by passionate but inexperienced health reform activists — have since closed their doors. An eighth, the Colorado Health Insurance Cooperative, appears on the brink of default as well.” (Richard Pollock, “One-Third Of Obamacare Co-Ops Are Now Officially Dead,” The Daily Caller, 10/15/15)