Obamacare Fails in Nevada

Nevada's ObamaCare Co-Op Rolls Snake Eyes

                               

If you had a dollar for every person who's blown through a fortune in Nevada's casinos, you'd almost certainly have enough for a pretty lavish Las Vegas vacation.

                               

But today's story of losing big money doesn't come to us courtesy of the craps table at Bally's or the roulette wheel at the Bellagio.  It's from the Nevada ObamaCare Health Insurance Co-Op.  From our friends at The Daily

Signal: A Nevada health insurance provider that received more than $65 million in taxpayer-funded loans from the federal government announced last week that it is discontinuing operations at the end of the year.

 

The Nevada Health Co-Op will close its doors beginning Jan. 1 because of "challenging market conditions." The co-op will be the third of the 23 consumer-oriented and operated plans created under Obamacare to shutter.

 

As The Daily Signal notes, this isn't the first of these health insurance co-ops to fail in a big way.  Co-op operations in Iowa and Louisiana have also gone belly up in recent months, adding to the enormous total of taxpayer dollars that have been wasted on the so-called Affordable Care Act.

                               

And at the end of the day, it's just even more people experiencing disruptions in their health care coverage through no fault of their own - but entirely because of ObamaCare.

                                                               

Source: Carrie Lukas, VP for Policy & Economics, Independent Women's Voice