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Finding out what’s in it: Another Obamacare co-op folded today, the second to do so this week and the 15th out of the original 23 to fail.
Oregon’s Department of Consumer and Business Services (DCBS) announced Friday that it is taking over the insurer, known as Oregon’s Health CO-OP, and will liquidate the company. The plan’s 20,600 enrollees will be forced to find new health insurance, with their plans ending on July 31. The state will hold a special sign-up period to allow these enrollees to find new coverage.
Do not be surprised if most if not all of the remaining 8 co-ops also shut down in the next year. Do not be surprised if we also see the failures of several private for-profit insurance companies as well.
Too bad no one predicted these failures, except for every Republican in Congress as well as conservatives and tea party activists across the country.