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Monday, October 5, 2015

Regulators to Shut Down Health Republic




Well that didn't take long.
Regulators will shut down Health Republic Insurance of New York, the largest of the nonprofit cooperatives created under the Affordable Care Act, in the latest sign of the financial pressures facing many insurers that participated in the law’s new marketplaces.
The insurer lost about $52.7 million in the first six months of this year, on top of a $77.5 million loss in 2014, according to regulatory filings. The move to wind down its operations was made jointly by officials from the federal Centers for Medicare & Medicaid Services; New York’s state insurance exchange, known as New York State of Health; and the New York State Department of Financial Services.
In a statement, Health Republic said it was “deeply disappointed” by the outcome, and pointed to “challenges placed on us by the structure of the CO-OP program.”
Health Republic has about 215,000 members, with about half holding individual plans and half under small-business coverage, a spokesman for the insurer said.
The regulators said they chose to take action before the exchange’s November open enrollment period, when individuals can choose coverage with a new insurer. Health Republic policies will remain in effect amid “an orderly wind down” of the insurer’s operations, they said. In a statement, Kevin Counihan, the CMS official who oversees insurance marketplace operations, said the move came “because of the likelihood that Health Republic Insurance of New York would become financially insolvent.”
The shuttering of Health Republic, at least the fourth to falter among the ACA’s original 23 co-ops around the country, reflects the losses many insurers are seeing in their business related to the health law’s exchanges, which are particularly acute for small plans without deep pockets or diversified lines of business.

58 comments:

  1. Oh, NO....you have GOT to be kidding! Don't tell me more things having to do with the ACA aren't working ... I thought all of us paying more for insurance and doctors quitting/retiring, and not finding hospitals that accept the ACA was enough of a problem!

    ReplyDelete
  2. A nuke deal with the Charles Manson family would have been better than that “Deal” with iran....

    The leader of Israel has shown MORE balls then that LOSER in the oval office. Even that pint sized nothing leader of North Korea kicks that SISSY.

    THREE nuke tests in North Korea and what's he doing? Oh yeah giving NUKES to Iran. How many countries does that IDIOT have to arm before YOU totally corrupt spineless ignorant welfare sucking homo loving thug hugging looters LEARN?

    You are NOT going to run THIS country. Don't like it? Get the hell out, and go back to Kenya! We HAD a culture plan on the table the day you were BORN! Adopt it or get the hell-out it's called FREEDOM of CHOICE, use it.

    ReplyDelete
  3. This post was on the very rational deal the Obama Administration struck with Iran? Who knew.

    And Lisa, do you ever properly acknowledge and link to your information source? It's the proper thing to do.

    ReplyDelete
    Replies
    1. I live in NY and it was in our Newspaper genius

      Delete
    2. and there was only one Hospital in the state that took that plan so tough noogies on those who had it

      Delete
    3. Yada Yada Yada and bla bla bla.

      You missed the point. But you would. Your not professional Lisa.

      Delete
  4. I must say however Tallulah your last name Blankhead fits you perfectly!

    ReplyDelete
  5. Doesn't you're Witch tell you that it's not nice to insult other commenters!

    ReplyDelete
  6. The truth shall set you free. Unfortunately many, perhaps you are one of the many, have not the ability to distinguish truth from fiction.

    BTW, who is the Witch? Another rightwing bogeyman or women? You folks certainly see (manufacture) a lot of them.

    ReplyDelete
  7. Once again, The Stupid Party* loves loved to fake facts:

    The latest is, a Stupid Party blog features a poster that claims Valerie Jarrett is an Iranian. Valerie Jarrett was born in Shiraz, Iran, to two American parents. The Jarretts moved to London, England, when Valerie was 5 years old, and eventually back to the U.S. Claiming that Jarrett is "Iranian" is like claiming John McCain is Panamanian, since he was born in Panama to two American parents.

    Facts don't matter to people in the Stupid Party and their heroine, aka Porn Queen..
    There IS a vast conspiracy against Hillary; it's called VALERIE JARRETT is an Iran..
    *"We have to stop being the Stupid Party." --Bobby Jindal

    Perseverance and tenacity supported with factual data, absent emotionalism and judgemental pontifications is by far the more effective way to win the day

    Just food for though

    ReplyDelete
  8. Replies
    1. That's your specialty, as well as your job here and elsewhere ShackelTurd.

      Delete
    2. "I know you are but what am I?" - part 20,997^

      Delete
    3. Rash can't help flushing the clogged toilet at the Swoosh Zone. His head is stuck and the only thing he can reach and grab is the lever.

      Delete
  9. Today the Stupid Party blog features a poster that claims Valerie Jarrett is an Iranian. Valerie Jarrett was born in Shiraz, Iran, to two American parents. The Jarretts moved to London, England, when Valerie was 5 years old, and eventually back to the U.S. Claiming that Jarrett is "Iranian" is like claiming John McCain is Panamanian, since he was born in Panama to two American parents.

    Facts don't matter to people in the Stupid Party.

    *"We have to stop being the Stupid Party." --Bobby Jindal

    What would we do without "The Stupid Party"?

    ReplyDelete
    Replies
    1. Chaw is back, spreading her fetid twat drippings over REAL AMERICANS blogs since nobody walking on their hind legs goes to hers.

      Delete
    2. If the dwarfish, ill-favored Valerie Jarrett, who was, indeed, born IN Iraq, albeit to American Negro parents, is NOT an Iranian citizen, then –– by twisted Liberal Logic –– neither are the tens of thousands of Anchor Babies born in these United States to illegal immigrants and opportunistic "visitors" from the Orient and God knows where else.

      Delete
    3. Why does it matter that her parents are black, douchebag?

      Delete
    4. Because the SUBJECT, dear Canardo, was a criticism of someone's attempt to claim La Jarrett as an IRANIAN.

      Iranians, –– like Chinese, Japanese, Koreans, Vietnamese, Indians, Pakistanis, Polynesians, Europeans, Jews, Arabs, Esquimeaux, and so-called Native-Amercans are not, NOT, N-O-T members of the NEGRO race.

      Once again your eternal, snot-nosed quest always to CHANGE the SUBJECT has been FOILED by a superior intellect. };-)>

      Delete
    5. An Entemann* lacking virility
      
Is lapsing into sad senility
      .
His faulty perception

      Creates self-deception

      That exposes his lack of ability.

      __________________________________________
      * Ente is German for duck, hence Entemann = Duckman

      Delete
  10. RN, you are a proven liar....you got caught here.....you got caught on Will's and bounced out.....you got caught at FT's and got booted.....even that goofball WD caught you with your anti - jewish remarks which you lied about and he booted you, only to reinstate you later. So stop being silly, people know you for what you are.....a liar.

    ReplyDelete
    Replies
    1. But we knew this already

      The average Trump supporter is indeed a graduate of the Rusty Chucklenuts University of Grammar and Massage.

      Delete
    2. Yeah the ghetto dwelling, welfare collecting, ner-do-wells which make up Ozulu's constituency are the much superior scholars. Funny how they all have the same name - "X". At least that's how they endorse their checks on the 1st and 15th.

      Delete
    3. hahaha we wish we were as educated as these brain surgeons

      Delete
  11. Yes RR, that's either the FCFB herself posting here or she sent one of the flying monkeys.

    ReplyDelete
    Replies
    1. FCFB - First Class Fucking Bitch? Very appropriate.

      Delete
  12. How dumb is Ducky? Well, he's dumb enough to come to a right leaning blog and link to a foolish leftwingnut bar rag Thinkprogress, expecting the folks here to actually even look at it.
    Yep,thats how dumb Ducky is....about a 9 on a scale of 10.

    ReplyDelete
  13. It is known ignorant lying sacks of shit like you and Redass read and listen to only extreme Reich wing bullshit, like your buddy douche bag Hart.

    No ethical standards, no values, no integrity, nothing. You and Redass see bigotry and racism as your only values.

    ReplyDelete
    Replies
    1. RN, when you go to take a crap do you stick your head in the toilet? Lol. I can't imagine anything else. What an insignificant little POS you are. Is the DNC actually paying you as well? I guess, they pay madcow and the others. Nice work if you can get it outside of being a major POS that is. Hey, think about me when you go to bed tonight would ya? Lol.

      Delete
  14. Lester, why the anger. Your constant lying has caused you to get bounced from blog after blog. You bring it all on yourself and then you strike out at others when you are caught and exposed for what you are. Look at yourself, calling Will Hart a douche bag just because he tired of your lying and banned you. Is FT also a douche bag for booting you? Was WD a douche bag when he banned you for lying about your anti-Semite remarks? And of course RR is a douche bag for catching you lying about a so-called Medal of Honor winner. I mean Lester, you lie about the stupidest things.
    So poor Lester....all these douche bags....

    ReplyDelete
    Replies
    1. It is you that is lying and you know it. But frankly it doesn't matter. Keep blowing smoke.

      Delete
  15. Hey dummy. They offered crap and they all went to the exchanges.

    ReplyDelete
    Replies
    1. so the ACA is crap. I knew it

      Delete
    2. The ACA is not an insurance company, dummy.

      Delete
  16. Isn't it odd that smart people like me predicted this kind of thing would happen like 6 years ago when obammycare was first introduced? Are people like us geniuses or are libtards incredibly stupid and retarded? Yes.

    ReplyDelete
    Replies
    1. I think it's a bit of both Kid. It was never about Healthcare as much as it was about Obama getting it passed

      Delete
    2. No dim bulb, hat you did was make a number of predictions knowing (or not, tough to tell with you) that some might materialize due to the complex nature of this program.

      Did all your predictions materialize?

      Delete
  17. When men are played by little boys
    All they can do is make a noise.
    The noise annoys, but has no power
    To nurse a bud into a flower.
    So every grown up much enjoys
    The sounds of boys breaking their toys.
    Watching fools their time misspend
    Produces laughter without end ––
    Peals and gales of mirth incisive
    At the fools who wax derisive.


    ~ Anne Animus

    ReplyDelete
  18. RN has absolutely no retort, other then an idiotic insult. He cannot refute being booted from numerous blogs due to his lying and stupidity.
    Well RN, your comments here will be taken for what they are, the droppings of a known liar.

    ReplyDelete
    Replies
    1. Yep. All empty hot air, saying nothing. Sadly predictable.

      If RN had anything RESEMBLING shame he'd kill himself...NOW!

      Delete
    2. I have refuted it. That you lie and continually repeat it does not make it so.

      As for insults, you are laughable as you snd Redass excel at it. As do your fellow travelers.

      Blather and bullshit is the name of your game. So blather on, you Redass, and the rest of the Neanderthals that populate this weblog.

      Bye blather boy.

      Delete
  19. Bye?
    Does that mean your leaving us?

    ReplyDelete
  20. Ben Carson is Correct, but he's not politically correct. Israel doesn't have school shootings their teachers are armed. Our children deserve the same protection our politicians and judges get.

    ReplyDelete
  21. Bernie Sanders isn't a Bad Guy, ... he's just another Freaken Socialist Ass-Hole

    Hillary isn't a tyrant.. she's just an plain old Asshole.

    ReplyDelete
  22. There's no need to attack the Hilda beast, she'll bury herself

    ReplyDelete
  23. If Bernie Sanders proposals were implemented it would cost 18 trillion dollars over a ten year period, per the WSJ.

    Someone needs to tell Bernie aren't enough rich folks in the US to pay that bill.

    ReplyDelete
  24. Which is faster: atoms at critical mass or the Worst Lady peeling a banana with her feet?

    ReplyDelete
  25. In states like NY, that have a lot of insurance competition, it makes sense that some companies aren't going to make it. In states with less competition, like Florida, that won't happen as much. Overall, Obamacare is doing well.

    Oh, and you cons are idiots.

    JMJ

    ReplyDelete
    Replies
    1. Jizzy, were you born this stupid? Or did your momma have to drop you on your bulbous cranium a few hundred thousand times?

      Delete
  26. jmj.......please print your posting in hard copy form.....roll into a ball....shove it up your ass.....thank you

    ReplyDelete
  27. JMJ

    Obamacare is doing well for those getting their premiums paid for by the taxpayer. the other 92% are being hit with the tab. When the democrats voted for a bill before they read it they must have missed the 500 million theft from medicare.

    Medicare, that's the federal program that people pay for while they work and pay premiums after they retire, premiums are going up 50% in some instances. Even the people who have obamacare are not using it for preventive care because of the high deductibles.

    You and rest of the liberals have done a great job attacking the middle class. Obama has no strategy to defeat ISIS but he sure knows how to defeat the working middle class taxpayer .

    Oh, and JMJ, ditto

    ReplyDelete
  28. Go figure that any company selling their soul to Satan for a moldy crumb of bread would go belly up. I wonder what company is next to sink.

    ReplyDelete