Last month, Colorado HealthOP, the state's largest non-profit health insurer, was removed from Colorado's Obamacare exchange, Connect for Health Colorado, because massive ongoing losses have rendered it financially unstable. As of next year, the co-op's 83,000 members will have to find new health coverage, while taxpayers are on the hook for more than $70 million in startup loans.
The Denver Post reported earlier this year that Colorado HealthOP, which captured roughly 40 percent of all health insurance enrollments though the state exchange and was its largest carrier, garnered market share with an "aggressive price cut ... but analysts warn the move carries financial risk."
You don't say. Too bad the risk was yours and mine instead of theirs.
(Excerpt) Read more at rossputin.com ...
