Affordable Care Act Health Insurance Cooperative(s)
More than half of the nonprofit health insurance cooperatives are now closed and others like Montana Health CO-OP are struggling to stay in business. Federal officials are unsure how much the government will recoup of the $1.2 billion spent on loans and startup costs for the failed health care cooperatives including Kentucky’s. The Kentucky Health Cooperative, a nonprofit insurer that first started offering health insurance in 2013 stopped offering policies in the Kentucky market at the end of 2015.
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