If you live in Colorado, good luck with your ObamaCare. Oh, and if happen to live in Kentucky, Louisiana, Iowa/Nebraska, Nevada, New York, or Tennessee, good luck with your ObamaCare too.
Colorado is just the latest example of ObamaIncompetence!
Colorado’s biggest nonprofit health insurer announced its closure Friday, forcing nearly 83,000 Coloradans to find a new insurer for 2016.
Colorado HealthOP announced Friday that the state Division of Insurance has said it can’t keep selling health insurance. That’s because the cooperative relied on federal support, and federal authorities announced last month they wouldn’t be able to pay most of what they owed to a program designed to help health insurance co-ops get established.
We’re from the government and we’re here to help.
Or something like that.
Colorado HealthOP CEO Julia Hutchins is in high when and is stomping her feet in the face of economic reality blaming the insolvency on “state and national political problems.” Unfortunately for Julia, the Colorado State Insurance Commissioner doesn’t live in NeverNeverLand.
The Division of Insurance released a statement saying it had no choice but to order Colorado HealthOP closed. Insurance Commissioner Marguerite Salazar said in a statement that the lack of federal support put the co-op at risk of not being able to cover claims.
“I sympathize with the HealthOP, but the Division has requirements and it has to protect consumers,” Salazar wrote.
Keep in mind that Salazar is a pro-ObamaCare Democrat.
HealthOP accounted for about 40% of the Colorado ObamaCare Exchange’s customers. One thing is certain for Colorado residents, the cost their health coverage will go up next year, and it will probably go up a lot.
Please remember this as you watch you health insurance premiums skyrocket.
Thanks a bunch.
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