December 9, 2015
"If Maine's CO-OP is as good as it gets, things seem pretty bleak."
U.S. Senator Ben Sasse, who has been seeking a full and transparent accounting of the systemic failures of the Affordable Care Act’s CO-OPs, issued the following statement after Community Health Options in Maine today announced that it will suspend offering new individual coverage for the 2016 plan year. Community Health Options was loaned $132 million in taxpayer money and, as of the end of 2014, was the only profitable CO-OP, according to a report by the Office of the Inspector General published this past summer. CoOportunity, which operated in Nebraska and Iowa, and 11 other CO-OPs have failed entirely.
"If Maine's CO-OP is as good as it gets, things seem pretty bleak. The only CO-OP operating in the black after the first year just announced it will stop accepting new exchange customers after Christmas. It certainly seems like there is something seriously wrong with this program. At least half a million Americans have been forced out of their health plans when 12 CO-OPs failed, but we’re still waiting on HHS to provide a full accounting of what has happened."