Another two Co-ops have called it quits. Several of these closings are directly related to not receiving funds from the risk corridor program.
Here's a summary of federal loans they received and the number of people who will not be able to keep the insurance plan that they liked.
Two takeaways: count on seeing more co-ops closing and never count on what the Government promises - especially when they are giving away other people's money.
Saturday, October 17, 2015
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