Prime Obamacare insurance company is folding (CoOpportunity in Nebraska, Pelosi knew)

North Platte Bulletin ^ | 1/17/15 | George Lauby

[Libloather]

One of the primary health insurance companies in Nebraska and Iowa is folding, after federal grants and loans were cut off in mid-December.

The lack of emergency loan money has put CoOpportunity Health Care on the ropes, according to the Iowa Insurance Commission.

Policy holders are scrambling to switch to one of the only two remaining health insurance companies in Nebraska – Coventry or Blue Cross/Blue Shield.

[Libloather]

The company received about $146 million in federal money under the Affordable Care Act. In mid-December, the federal government’s Centers for Medicare & Medicaid Services (CMS), which administers loans to cooperative insurance companies, announced it would not loan more to CoOpportunity, according to the Kaiser Health News.

In an emergency? Oh, this isn't gonna end well.

[ronnie raygun]

Medical insurance commercial running non stop where I am depicting the old insurance companies you once had were making a “PROFIT” on your premiums and showing how companies are now saving lots of money providing thier services to you and all the money goes back in to take care of you. garbage pure garbage

[Salman]

Another step in the engineered crisis that is intended to end in outright nationalization of health care.

[Mouton]

Unfortunately, you are correct on what is in the future.

[DaveA37]

Any company connected with odumbocare will have to mind the store very closely or they too will become a “victim”.

[ForYourChildren]

We’ve been grubered.

[oldtech]

There is simply no way you can have a healthcare program set up with doctors,hospitals,insurance companies....and then involve the federal government in it & expect any “savings”. Can’t happen. It will never be anything but an expensive disaster because this was never meant to be a function of government.

[PubliusMM]

Single payer by attrition, hastened by withdrawal of the fedgov teat. Zero’s plan takes another step forward.
Meanwhile, the pubbies are still mucking around, looking for ways to ‘fix’ this anti-Constitutional monstrosity.

Gutless. All of them.

[bgill]

That was the plan alright.

[unixfox]

Another step in the engineered crisis that is intended to end in outright nationalization of health care.

Or an outright revolt. Which in my opinion should have happened a long time ago.

These people have no idea what's coming down the pipe. They will deserve EVERYTHING they get.