Tuesday, November 10, 2015

McAuliffe's Home State Shutters Obamacare Co-op

Regulators in New York announced recently that Health Republic Insurance, the cooperative established to bring Obamacare to the Empire State, must close. The large co-op posted losses of almost $24,000 per day in its first year and a half, totaling $130 million. It also brings the number of failed Obamacare exchanges to 12.There is also the (not-so) small matter of the $265 million government loan to establish the co-op.

Reality is not being kind to Governor Terry McAuliffe. No, just on the heels of failing to grasp the Senate, even as he is preparing his Charge of the Legislative Light Brigade on Medicaid Expansion, Obamacare’s corpse follows him.

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