CO-llapse: And Then There Were Six

Press Release

The news keeps getting worse by the day for Obamacare. The latest blow comes from Health Republic Insurance of New Jersey that announced today they too will shutter their doors, forcing their approximately 35,000 members to find new coverage for next year. New Jersey brings the total to 17 of the original 23 Obamacare CO-OPs that have failed, at a total cost to taxpayers of over $1.8 billion.

"A lot of folks continue to have their health care disrupted by the administration's CO-OP mess," said Energy and Commerce Committee Chairman Fred Upton (R-MI). "This week, our Health Subcommittee and Oversight and Investigations Subcommittee will hold a joint hearing examining the stability of the president's health law and the CO-OP fiasco will surely be a hot topic. Only six of 23 CO-OPs remain standing and the administration has still yet to blink at the over $1.8 billion in losses."

While American's continue to he harmed by the countless broken promises, House Republicans have a Better Way.

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

TOTAL TAXPAYER DOLLARS: $1,820,114,940

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.

Source