Saturday, October 17, 2015

Now for some Co-op Bad News

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.

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