News Headlines Article

Lawmakers blame each other for imploding insurance co-ops
Modern Healthcare

At the first of two congressional hearings on the subject this week, Republicans blamed the the structure Affordable Care Act’s program intended to foster consumer-focused insurance plans for a cascade of failing co-op plans. Democrats say the GOP killed them by withholding essential funds.

This year, 11 of the original 23 not-for-profit co-op programs have announced they will close. Most of them cited a shortfall in federal funding that left the CMS paying only 13% of the money the programs had requested from the ACA’s risk-corridors program.