Iowa official details why CoOportunity Health unraveled
CoOportunity Health, a nonprofit health insurance cooperative formed in 2013, was counting on $156 million in federal funds to pay the ever-growing claims from its customers, but that money didn’t make it to Des Moines in time.
As a result, CoOportunity is insolvent, and in February the Iowa Division of Insurance will begin shutting it down, a process that could take months.
CoOportunity’s financial problems were detailed for the first time this week by Iowa Insurance Commissioner Nick Gerhart.
He again urged CoOportunity’s 59,850 remaining customers, three-fourths of them in Nebraska and one-fourth in Iowa, to get health insurance from other companies, warning that they could lose tax credits that offset part of their premiums and, for some, reduce out-of-pocket medical costs this year.
Read the rest at: http://www.livewellnebraska.com/consumer/iowa-official-details-why-cooportunity-health-unraveled/article_a56ae64b-4367-5438-82b2-490bb3feee06.html
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Too much greed on the GOP cutting funding side.
Now GOP turds are waving the fail banner like they had nothing to do with it.
CoOpportunity had raised premiums deductibles and out of pocket limits for 2015 but you can't plan for republican greed.
I'm sure the Branstad administration had the iowa Insurance Division do everything possible to save CoOpportunity. 
