JumpinJack
DP Veteran
- Joined
- Aug 19, 2013
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Lone profitable ACA insurance co-op losing millions - US News
I think not having people who turn in high claims not pay even a little more for their insurance is killing everyone else, including the insurers and other insureds. It's killing everyone BUT the people who are the cause of the cost.
Maine health insurance co-op suspends enrollment after reporting $17.2M loss so far this year
The lone health insurance cooperative to make money last year on the Affordable Care Act's public insurance exchanges is now losing millions and cutting off individual enrollment for 2016.
Maine's Community Health Options lost more than $17 million in the first nine months of this year, after making $10.9 million in the same period last year. A spokesman said higher-than-expected medical costs have hurt the cooperative.
I think not having people who turn in high claims not pay even a little more for their insurance is killing everyone else, including the insurers and other insureds. It's killing everyone BUT the people who are the cause of the cost.