Monday, October 19, 2015

Two more CO-OPS down the tubes

So when the dust (finally) settles, will there be any left?

One wonders:

"The Colorado Division of Insurance today announced that it will decertify the Colorado Health Insurance Cooperative"

The Centennial State CO-OP will be enjoined from offering coverage to new victims enrollees, although it will be allowed to help its existing client base (as things wind down). With Open Enrollment around the corner, current policyholders will (presumably) at least have a place to land.

A bit to the west, folks in the Beaver State face a similar fate:

"Health Republic Insurance of Oregon, has also announced plans to wind down its operations by the end of the year."

Interestingly, that endeavor was masterminded by the same rocket surgeons responsible for the now shuttering New York state CO-OP.

Failure theatre tickets now on sale.
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