Surprise, surprise, another organization spawned by Obamacare is drowning in unsustainable debt, which the taxpayers will have to pay.
This one is called CoOportunity. The co-op was established as a way to serve customers in Iowa with “affordable” healthcare. They retain 109M in assets, but carry 282M in debts!
They still technically owe their agents for the labor of selling these plans. Is that bait-and-switch-ception?
This is by no means even the exception to the rule, either. 19 of the 23 established co-ops are exceeding their own projections for losses. Tell me again how many economic “benefits” states are receiving after enacting Medicaid expansion?