Oregon Obamacare Co-Op Calling It Quits

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It’s getting hard to keep up with all of the Obamacare co-ops that are shutting down. One of the two in the state of Oregon just announced it’s calling it quits, and another one in Colorado is doing the same.

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Oregon will become the eighth state to shut down a taxpayer-funded health insurance startup, the latest Obamacare co-op insurer to fold from financial troubles.

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Health Republic Insurance, one of the state’s two co-ops, said Friday it will not offer plans in 2016. Also on Friday, Colorado’s co-op said that it would stop offering plans next year.

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Oregon is the eighth state to close up a co-op out of the 23 that created one and the fourth in a week; one-third have announced they are closing. (Read More)

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The Daily Signal explained why so many of these co-ops keep going belly up, despite so much government funding, in case you were wondering.

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Hat tip to Charles B.

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