Tuesday, August 18, 2015

CO-OPs keep circling

Last week, we noted that Iowa's Consumer Operated and Oriented Plan (CO-OP) was on-track to become the first such to go down the tubes, and predicted it wouldn't be the last.

Granted, this is akin to predicting the sun will rise tomorrow in the East, but it's gratifying (in an ironic way) to be proven correct so quickly:

"Most federal insurance cooperatives created under the Affordable Care Act are losing money and could have difficulty repaying millions of dollars in federal loans"

Of course, "federal loans" is government-speak for your (and my) tax dollars.

Proving once again that the MSM lacks anything approaching self-awareness, we also get this little gem:

"Even as overall enrollments for insurance have increased, many of the co-ops are still losing money"

But hey, they'll make it up on volume.

Top. Men.
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