CO-OP Catastrophe: Total Losses Near $1.9 Billion

WASHINGTON, DC – Eighteen of the original 23 Obamacare CO-OPs have failed at a total cost to taxpayers of more than $1.8 billion. American taxpayers are seeing red throughout Obamacare, leaving vulnerable patients with fewer places to turn for help.

The latest CO-OP to leave the marketplace is Maryland’s Evergreen Health Cooperative Inc., which announced in the fall that it was looking to become a for-profit provider. Last month, the decision was finalized, meaning only five CO-OPs remain open for business.

“From coast to coast, Obamacare’s CO-OPs are collapsing, forcing more Americans out into the cold realities of Obamacare. My own state has experienced it firsthand – seeing not one but two CO-OPs fail, forcing Oregonians to find health care coverage elsewhere while wasting more than 100 million hard-earned taxpayer dollars,” said Energy and Commerce Committee Chairman Greg Walden (R-OR). “House Republicans have a Better Way and we are dedicated to cleaning up the mess created by Obamacare.”

CO-OPs that have failed and taxpayer dollars received (in order by closing announcement):

CoOportunity Health - Iowa and Nebraska
Cost: $145,312,100

Louisiana Health Cooperative, Inc.
Cost: $65,790,660

Nevada Health Cooperative
Cost: $65,925,396

Health Republic Insurance of New York
Cost: $265,133,000

Kentucky Health Care Cooperative - Kentucky and West Virginia
Cost: $146,494,772

Community Health Alliance Mutual Insurance Company - Tennessee
Cost: $73,306,700

Colorado HealthOp
Cost: $72,335,129

Health Republic Insurance of Oregon
Cost: $60,648,505

Consumers' Choice Health Insurance Company - South Carolina
Cost: $87,578,208

Arches Mutual Insurance Company – Utah
Cost: $89,650,303

Meritus Health Partners – Arizona
Cost: $93,313,233

Consumers Mutual Insurance – Michigan
Cost: $71,534,300

InHealth Mutual – Ohio
Cost: $129,225,604

HealthyCT – Connecticut
Cost: $127,980,768

Oregon Health’s CO-OP – Oregon
Cost: $56,656,900

Land of Lincoln Health – Illinois
Cost: $160,154,812

Health Republic Insurance of New Jersey
Cost: $109,074,550

Evergreen Health Cooperative Inc. – Maryland
Cost: $65,450,900

TOTAL TAXPAYER DOLLARS: $1,885,565,840

Note: This total does not include Vermont’s CO-OP, which was denied an insurance license by the state, and was dissolved before enrolling a single person. 

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