More Obamacare Plans Go Down

Probably part of the plan:

Nearly a third of the innovative health insurance plans created under the Affordable Care Act will be out of business at the end of 2015, following announcements Friday that plans in Oregon and Colorado are folding.

In just the past week, four co-ops, as the nonprofit plans are known, have decided or been ordered to shut down. Their demise means that eight of the 23 co-ops in existence a year ago will be unavailable to consumers shopping for 2016 coverage through insurance marketplaces created under the ACA.

You’d think if the new innovative plans are dropping like flies, yet the old plans were hardy and reliable, somebody would go back to the way things were. The irony is even with extensive government regulation and billions of free resources, the new system is still on life support. Why?

But it was a move by the Department of Health and Human Services that the four closing co-ops say was critically destabilizing. HHS announced Oct. 1 that it could afford to pay insurers participating in the federal and state-run exchanges just 12.6 percent of nearly $3 billion they were owed under a temporary provision of the health-care law. Known as risk corridors, it is intended to help cushion insurers that end up with sicker customers and bigger medical claims than they had anticipated.

Either this was always part of the plan to shift us to single payer, or that money was suddenly needed for more surveillance and extra NWO FEMA box cars to transport the recalcitrants to the detention-centers/concentration-camps . Either way…

Apocalypse cometh™