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Saturday, March 11, 2017

New Jersey Obamacare Co-op Becomes 17th to Collapse | Americans for Tax Reform

New Jersey Obamacare Co-op Becomes 17th to Collapse | Americans for Tax Reform

Seventeen Obamacare co-ops have now failed. The Health Republic insurance of New Jersey yesterday announced it would close, leaving 35,000 members without coverage next year. The New Jersey co-op, which received almost $110 million in taxpayer loans now joins a list of 16 other Obamacare co-ops that have collapsed since Obamacare has been implemented. In all, failed co-ops have now cost taxpayers more than $1.8 billion in funds that may never be recovered.


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