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The Water Cooler
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Failed ObamaCare co-ops have not repaid $1.2B in federal loans...
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<blockquote data-quote="swampratt" data-source="post: 2858374" data-attributes="member: 15054"><p>Ok so the Gov. gave these CO-OP's seed money to get started.. and these CO-OP's are to find health care providers(doctors and hospitals) for their clients. The clients (us sick people) are to pay premiums that sustain the CO-OP's and sustain them enough to pay back the loans that the Gov. gave them to get started.</p><p></p><p>DEFINITION: Non-profit cooperatives &#8211; or insurance cooperatives &#8211; were proposed in the Senate as an alternative to a proposed government plan or public option. The cooperatives, which would have been structured as non-profits and owned by their members, would offer a network of health care providers or contract out for medical services.</p><p></p><p>Read this here.</p><p></p><p>The concept championed by some Democrats would provide “seed money” for the cooperatives, which would then be sustained by customer premiums. The final version of the ACA included Consumer Oriented and Operated Plans (CO-OPs), which will be available in 24 states in 2014. Read this Commonwealth Fund history of health cooperatives.</p><p></p><p><a href="https://www.healthinsurance.org/glossary/non-profit-cooperatives/" target="_blank">https://www.healthinsurance.org/glossary/non-profit-cooperatives/</a></p><p></p><p></p><p>Math 10 million on obama care.</p><p>1 billion dollars.</p><p>If 10 million people paid 100 bucks you would have 1 billion dollars.</p><p></p><p>If everyone ran up more than the premiums the system would collapse.</p><p></p><p>Not hard to run up more than the premiums. I really do not see much head way.</p></blockquote><p></p>
[QUOTE="swampratt, post: 2858374, member: 15054"] Ok so the Gov. gave these CO-OP's seed money to get started.. and these CO-OP's are to find health care providers(doctors and hospitals) for their clients. The clients (us sick people) are to pay premiums that sustain the CO-OP's and sustain them enough to pay back the loans that the Gov. gave them to get started. DEFINITION: Non-profit cooperatives – or insurance cooperatives – were proposed in the Senate as an alternative to a proposed government plan or public option. The cooperatives, which would have been structured as non-profits and owned by their members, would offer a network of health care providers or contract out for medical services. Read this here. The concept championed by some Democrats would provide “seed money” for the cooperatives, which would then be sustained by customer premiums. The final version of the ACA included Consumer Oriented and Operated Plans (CO-OPs), which will be available in 24 states in 2014. Read this Commonwealth Fund history of health cooperatives. [url]https://www.healthinsurance.org/glossary/non-profit-cooperatives/[/url] Math 10 million on obama care. 1 billion dollars. If 10 million people paid 100 bucks you would have 1 billion dollars. If everyone ran up more than the premiums the system would collapse. Not hard to run up more than the premiums. I really do not see much head way. [/QUOTE]
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