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Illinois Obamacare Co-op Becomes 16th to Collapse

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posted on Jul, 13 2016 @ 08:37 PM
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An ObamaCare co-op in Illinois named Land of Lincoln Health has gone bust.

This one is number 16 to fail in the country.

Big money lost (or stolen) and 49,000 people dropped off of insurance.

What a failure.

And these co-ops are the "Socialist" side on top of it.

And of course, Land of Lincoln (now called LOL) is suing the government to get money back !!!


Illinois Obamacare Co-op Becomes 16th to Collapse


Sixteen Obamacare co-ops have now failed. Illinois announced that Land of Lincoln Health, a taxpayer funded Obamacare co-op, would close its doors, leaving 49,000 without insurance. The co-op now joins a list of 15 other Obamacare co-ops that have collapsed since Obamacare has been implemented. Failed co-ops have now cost taxpayers more than $1.7 billion in funds that may never be recovered.

Co-ops were hyped as not-for-profit alternatives to traditional insurance companies created under Obamacare. The Centers for Medicare and Medicaid Services (CMS) financed co-ops with startup and solvency loans, totaling more than $2.4 billion in taxpayer dollars. They have failed to become sustainable with many collapsing amid the failure of Obamacare exchanges.








posted on Jul, 13 2016 @ 08:51 PM
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a reply to: xuenchen

The entire debacle is insane to witness, but I personally knew it would happen. Obama insisted on ramming this down an unwilling public's throat, and all his little chicken little helpers who ignored the constitution, and the laws, and ethics and morals to help him do it, including the supreme court judge that did the legal maneuvering so the whole abortion ready package became "legal" even though it really still is not. The biggest "memo" that Obama and his chicken little helpers first were told to read only read "You all must ignore the constitution, and also ignore the will of the people".

And they are all still using that memo as rule number one to get things done. The level of puerile arrogance that Obama displays as soon as he wakes up each morning is the reason he is such a pathetic leader, and such a big failure.



posted on Jul, 13 2016 @ 08:54 PM
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The people that planned this, did they really think it would work?

People who said, the only reason someone would be against Obamacare was only because Obama was black.

You guys, who couldn't do basic math, racial divide, you kicked it up. give yourself a round of applause



posted on Jul, 13 2016 @ 08:58 PM
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a reply to: xuenchen

But will these failures usher in medicare for all?

Sometimes failure is intentional.




posted on Jul, 13 2016 @ 09:02 PM
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a reply to: xuenchen

thehill.com...

Obama calls for adding public option to ObamaCare



posted on Jul, 13 2016 @ 09:12 PM
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originally posted by: MotherMayEye
a reply to: xuenchen

But will these failures usher in medicare for all?

Sometimes failure is intentional.



Quite frankly, that is how the politicians do things. "intentionally"



posted on Jul, 13 2016 @ 09:15 PM
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a reply to: thinline




The people that planned this, did they really think it would work?


NO.

That's why theres been renewed talk of a 'public option'.

The US government is the largest single insurer in the country between medicare,medicaid, and tricare.



posted on Jul, 13 2016 @ 09:17 PM
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a reply to: xuenchen


This Land of Lincoln Health shut-down really hits close to home, because I placed quite a few families with Land of Lincoln Health over 2015 and 2016. We knew that this government "experiment" would come to an end, but it's never easy when it actually occurs.

Best benefits, accepted by all Doctors/Hospitals, reasonable premiums... the entire enchilada.. the Land of Lincoln Health government Co-operative was just like Blue Cross USED to be, before ObamaCare morphed into an enemy of the private insurance companies.

Now, I'll have to move my LOLH clients to Aetna, Blue Cross, United Healthcare. The premium will be higher... the benefits will be fewer in scope... and many will need to change to a new doctor if they want to be covered. This is going to be a very agonizing migration.



posted on Jul, 13 2016 @ 11:23 PM
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The very lack of proponents in this thread is a clear indication of those that would rather ignore the failure of this to justify their socialist agenda.

No one is fooling anyone any more.

You can apply the previous statement to a lot of things. The "divide" is nothing more than those who buy into it, and those that don't. The idea is to suppress or otherwise invalidate those that see the truth and expose it.

We are in an era of dramatic/dynamic change.



posted on Jul, 14 2016 @ 07:07 AM
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a reply to: MotherMayEye

That was the hope. They want to crash the system so that everyone begs for single payer.

I am hoping everyone remembers it was them who screwed it up in the first place. If people do, then maybe they won't be so quick to turn to them to "fix" it with single payer.

At least it would seem to me to be the dumbest thing you could do.




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