"Another co-op is shutting down, becoming the 15th to do so and bringing the total number of federal loans given to the failed nonprofit insurers to more than $1.5 billion....Oregon’s Health Co-Op was one of 23 co-ops that launched under Obamacare. The co-ops, or consumer operated and oriented plans, were intended to create competition and choice in areas of the country where consumers had few options. The 23 co-ops—not including Vermont’s co-op, which never opened its doors—received $2.4 billion in startup and solvency loans from the Centers for Medicare and Medicaid Services."
If only someone had raised their hand in the beginning to tell people this Obamacare thing wouldn't work, that the math just doesn't work. Next we'll move the same kind of irrational thinking to other areas.
"Hey, my house burned down, and I don't have insurance."
"No sweat, they've changed the law, now you can wait until your house burns before getting and paying for insurance!!"