The 80,000-member Colorado HealthOP is being decertified by the state and will reportedly be unable to sell policies on the state’s Obamacare exchange next year:
The Colorado Division of Insurance is effectively shutting down Colorado HealthOP, the low-cost insurance cooperative said Friday.
Colorado HealthOP received a decertification notice from the state, which could result in the nonprofit insurer being unable to sell policies through Connect for Health Colorado, the state health-insurance exchange in 2016.
Colorado HealthOP faced a $10 million shortfall as a result of the feds reimbursing just 12.6 percent of the promised “risk-corridor” payments, officials said.
Republican Sen. Cory Gardner of Colorado reminded the provider of its obligations:
Critical for Colorado HealthOP to promptly pay outstanding claims & ensure smooth transition into new coverage. http://t.co/aqGXtuzTc2
— Cory Gardner (@SenCoryGardner) October 16, 2015
Colorado HealthOP obviously didn’t appreciate Gardner’s comments and seems to think a “blame the messenger” approach is the best prescription:
This is unbelievable disingenuous from someone who is part of the Republican-led, engineered dismantling of CO-OPs. https://t.co/HUapBaLm5y
— Colorado HealthOP (@COHealthOP) October 16, 2015
It can’t have anything to do with the lack of sustainability of the law itself!
— Mark Hemingway (@Heminator) October 16, 2015
Oh yes they can!
This Co-Op self destructed because of their own incompetence. They have nobody to blame but themselves. https://t.co/O9pGU27qvh
— Pradheep Shanker MD (@Neoavatara) October 16, 2015
@COHealthOP You can blame your failure on Cory Gardner, but Coloradoans know better. Obama/Democrats created Obamacare, not Senator Gardner.
— ColoradoProLife (@ColoradoProLife) October 16, 2015
— RBe (@RBPundit) October 16, 2015
Excellent advice that will probably be ignored.