AmericanThinker: I remember the first time I heard the term “co-op.” It was in connection with the hippie communes of the late 1960s and usually referred to ways to share food production.
There is nothing intrinsically wrong with co-ops, as long as there is a rational basis for forming them. In the case of Obamacare insurance co-ops, we have seen the epic failure of an idea that never should have been tried in the first place.
The Obamacare co-ops are tax-funded non-profit entities that were supposed to compete with private insurance companies. In this, they have failed spectacularly. In the last couple of years, 12 of the co-ops have shut their doors, costing doctors and hospitals million of dollars in losses. read more
my electrical co-op just lowered my electric bill by $35 per month for the year 🙂
… but they sell something that is not a ‘right’ …. yet
CO-OP CARE
The over the top wastefulness was the fact that the co-ops were set up to fail by selecting managers by who had NO experience running an insurance company. That was done by design to keep ‘evil big business’ out of the glorious obamacare co-ops and steal tax payer money for his cronies.
I’m not making this up.