Consumers Choice Insurance customers received shocking news in their mail this week: The company will no longer sell insurance. Investors Business Daily earlier had reported the failures of so-called consumer co-op insurance companies, but they did not include Consumers’ Choice in their list of failures.
Consumers Choice Insurance: Too Bad, So Sad
Regardless of the virtues or vices of Consumers’ Choice Health Plans, the company served many people well, most of whom enrolled through the federal government health insurance exchange located at healthcare.gov.
Dear Valued Members, From all of us at Consumers’ Choice Health Plan, a heartfelt thanks for choosing us as your health plan. It is with great sadness that we announce that we will no longer offer health insurance plans. Due to a short-fall in federal funding, we have enterd into a voluntary run-off. All current plans will terminate December 31, 2015 and we will not offer plans for 2016.
So, without fanfare, an important health insurance option has vanished, leaving people with options that cost more for less coverage.
Affordable Care Act Carnage or Republican Meddling?
The demise of consumer health insurance coops signals an end to an era. These coops were going to drive prices down by offering the lowest-priced health insurance on healthcare.gov and other exchanges. If you listen to the Democrat talking points, you will believe they tried to get Congress to pass needed changes passed, but they refused. Probably, Republicans refused to fund the consumer health insurance coops because they oppose Obamacare. Some might say they want to save money. As the Federal Reserve continues printing trillions of dollars, blaming money doesn’t make sense. When the bill for the co-ops is in the low hundreds of millions, the amount seems inconsequential when compared to trillions.
Of course, Republicans might say that the co-ops have wasted money and were intended to collapse the U.S. health insurance industry. Who can argue with that?
Now that the consumer co-ops no longer appear as coverage options (They won’t cover anything past December 31, 2015), The South Carolina part of Healthcare.gov offers only two companies: Blue Cross & Blue Shield and Blue Choice. Ooops. Of course Blue Choice belongs to Blue Cross Blue Shield, so South Carolinians have only one company from which to choose health insurance.
So, the Republicans should have funded the co-ops. Of course. The intention of the Obama regime to create co-ops that would predictably fail also rings true. In reality, Democrat and Republican seem like different sides of the same coin. Don’t they. Yes, they do.