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More than half of ACA co-ops now out of insurance marketplaces

(Washington Post) More than half of the nonprofit health insurance co-ops formed through the Affordable Care Act are now off the market for the coming year, with the last-minute departure of a plan in Michigan…
The latest gyrations are occurring as the co-ops become new fodder for the partisan acrimony that has surrounded the 2010 law since its beginnings. At a hearing Tuesday afternoon of a House Ways and Means subcommittee, Republicans accused the Obama administration of wasting taxpayers’ money on an aspect of the law that they say is failing. Democrats countered that a series of GOP-forced budget cuts crippled many co-ops’ chances to thrive…
The subcommittee’s ranking Democrat, Rep. Jim McDermott (Wash.), charged that Republicans “have deliberately sabotaged” the co-ops, slashing their initial funding from $6 billion to $2.6 billion. The GOP has “weakened and undermined the co-ops at every turn,” McDermott said. “Now they point the finger at the administration when they fail.”
Community: No way were the Republicans going to allow these co-ops to succeed. Nonprofits threaten the entire health insurance industry.
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