Largest health insurer on Colorado exchange collapses

[Skip]

http://www.9news.com/story/news/heal...ency/74050296/

Colorado HealthOP announced Friday that the state Division of Insurance has de-certified it as an eligible insurance company. That's because the cooperative relied on federal support, and federal authorities announced last month they wouldn't be able to pay most of what they owed in a program designed to help health insurance co-ops get established.

But it's working, really, we just need to believe.

We are losing our plan on 12/31 (Golden Rule). We will likely either be pushed into a more expensive group plan for small biz or an exchange plan. What I've noticed is that the exchange plans all seem to use the coinsurance model. Which means you need $$$ in your back pocket for care. I thought Zerocare broke down the economic barriers to care? Lulz.

ETA: Story made Zerohedge now...

http://www.zerohedge.com/news/2015-1...ptly-collapses

[Irving]

Heard about this on NPR. Government told them that they would get something like 12% of what was promised.

[Tinelement]

Yeah, I just received my email.

I will be effing myself up before the 31st. Ha ha ha.

[Skip]

Heard about this on NPR. Government told them that they would get something like 12% of what was promised.

You mean the gov didn't keep its promise?


That's okay because we're only paying less than what we pay for our cell phones. That's what change looks like!



[I should be banned for posting a Zero vid, sorry]

[Zundfolge]

[Great-Kazoo]

Join the crowd, knew about it a month or so back. One of the reasons i'm having to liquidate "parts"

[Dave_L]

My wife works for a major health provider and their situation is just as bad. HUGE deficits.

[Zundfolge]

Well for those of y'all that aren't Godless Heathens you can join us in the nifty little loophole of the ACA.

http://www.chministries.org/

[Skip]

Well for those of y'all that aren't Godless Heathens you can join us in the nifty little loophole of the ACA.

http://www.chministries.org/

Looked into that. Cost sharing <> insurance. And I think it's just a matter of time before it gets shut down.

That plan has a catastrophic coverage at $125K. That would bankrupt us.

[BushMasterBoy]

.gov is a scam anymore...next they will be taking body parts under "eminent domain"