Illinois health insurer announces liquidation as Obamacare co-ops collapse
By
Kristina Betinis
18 July 2016
Last week Illinois Land of Lincoln Health insurance co-op announced plans to liquidate, affecting health insurance for more than 49,000 people in the state. This is the sixteenth liquidation of an insurance co-op established in 2013 as part of the Affordable Care Act (ACA), Obamas counter-reform aimed at restructuring the US health care system.
The insurer will remain open on a temporary basis as it winds down its operations. The company stopped accepting enrollments earlier this year. Its exit leaves the state with significantly fewer health care opt…
Read the full article at: https://www.wsws.org/en/articles/2016/07/18/illi-j18.html