AP | ACA co-ops lose millions in 2015

via AP | KSNT:

 

Affordable Care Act - MoneyACA co-ops lose millions in 2015

March 12, 2016

(AP) — The health insurance co-ops created by the Affordable Care Act absorbed deep financial losses last year. And 2016 is shaping up to be a make-or-break year for the nonprofit alternatives to traditional insurers.

They were devised to put competition into insurance markets. But they have struggled from the start to build a customer base from scratch and deal with higher-than-expected expenses.

Heading into their third full year of operation, the co-ops are adding customers and improving their coverage. But they also face the end of some government programs designed to support insurers as they build business on the public insurance exchanges.

Soon, they will have to determine whether their businesses can stand on their own and compete with more established carriers. (Read More)

 

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