"The majority of ObamaCare’s insurance co-ops—12 of 23—have now folded, and their $1.24 billion in federal loans has all but vaporized.
More will fail, nearly a million Americans may lose coverage, and now the contagion from their failures is spreading.The co-ops are government-sponsored nonprofits that were supposed to increase competition, but instead they’re causing the greatest insurance disruption in decades.
The co-ops aren’t merely jilting their displaced members or the taxpayers who supplied their “seed money.”
Local regulators are defying the feds to close them because other insurers are liable for their toxic balance sheets..."
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