< 1 min read
May 28, 2016
The nonprofits created under the Affordable Care Act have not faired as well as predicted; quite the contrary, in fact, and another nonprofit co-op insurer has closed, this time in Ohio.
"Ohio is the latest state to lose its nonprofit co-op health insurer created under an Affordable Care Act after a Franklin County judge on Thursday appointed the Ohio Department of Insurance as receiver of InHealth Mutual to take control and liquidate the company.
"Policies are still in effect as of now for its 21,800 members, mostly with individual coverage, but the state said they likely have 60 days to choose another plan on the federal Health Insurance Marketplace or risk losing federal subsidies."--Carrie Ghose, Columbus Business First