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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
19th Obamacare Co-Op Folds, Leaving Only 4 Operating in 2018
Posted by:
Muh Legacy
()
Date: June 27, 2017 09:58PM
19th Obamacare Co-Op Folds, Leaving Only 4 Operating in 2018
Minuteman Health was awarded $156.4 million in taxpayer-funded loans
BY: Ali Meyer
June 27, 2017 3:41 pm
Minuteman Health of Massachusetts and New Hampshire announced it is withdrawing from the Affordable Care Act exchanges in 2018, leaving only four co-ops in operation. The co-op will stop writing business on January 1 and organize a new company, Minuteman Insurance Company, instead.
The company cited issues with Obamacare's risk-adjustment program, which is the program that shifts money away from those with healthier customers to those with sicker enrollees. Minuteman Health said that the negative impact of this program had been "substantial."
"Unfortunately, the program has not worked as intended," the company said. "It has been difficult for insurers to predict their risk-adjustment obligations, which has led some to withdraw from the ACA market."
Minuteman Health is the 19th co-op that will not be operating and selling insurance on the Obamacare exchanges in 2018. This means there are only four co-ops of the 23 originally created through Obamacare that will still be offering health care plans next year.
Minuteman Health was awarded $156.4 million in taxpayer-funded loans
BY: Ali Meyer
June 27, 2017 3:41 pm
Minuteman Health of Massachusetts and New Hampshire announced it is withdrawing from the Affordable Care Act exchanges in 2018, leaving only four co-ops in operation. The co-op will stop writing business on January 1 and organize a new company, Minuteman Insurance Company, instead.
The company cited issues with Obamacare's risk-adjustment program, which is the program that shifts money away from those with healthier customers to those with sicker enrollees. Minuteman Health said that the negative impact of this program had been "substantial."
"Unfortunately, the program has not worked as intended," the company said. "It has been difficult for insurers to predict their risk-adjustment obligations, which has led some to withdraw from the ACA market."
Minuteman Health is the 19th co-op that will not be operating and selling insurance on the Obamacare exchanges in 2018. This means there are only four co-ops of the 23 originally created through Obamacare that will still be offering health care plans next year.
Re: 19th Obamacare Co-Op Folds, Leaving Only 4 Operating in 2018
Posted by:
Obobo-the nigger failure
()
Date: June 27, 2017 10:10PM
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Attachments:
Attachments:
Re: 19th Obamacare Co-Op Folds, Leaving Only 4 Operating in 2018
Posted by:
The Idea Man
()
Date: June 27, 2017 10:30PM
I have an idea, let's deport illegal aliens and save $346 billion annually on health care costs!
Bot what a shot in he arm that would be!
And that's only using the conservative estimate of 11 million aliens, other estimates say up to 30 million aliens here.
Bot what a shot in he arm that would be!
And that's only using the conservative estimate of 11 million aliens, other estimates say up to 30 million aliens here.