In a mature and professional effort to help customers after regulators turned off the life-support system, Colorado HealthOP threw a hissy fit and blamed Republicans for the co-op’s gross mismanagement.
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
That remark was directed at U.S. Sen. Cory Gardner, who said after the co-op’s impending doom was made public that “losing coverage puts tremendous stress on individuals and on families, and seeing it happen as a result of poor planning and bad policy is infuriating.”
Gardner further stated:
“It’s critical for Colorado HealthOP to ensure that all outstanding claims are paid in a timely fashion and that a smooth transition into new coverage is found for those losing their insurance.”
Democratic U.S. Sen. Michael Bennet, by the way, has still not uttered a word about the decertification, because election year.
That was just one of numerous tweets the coop issued Friday after the state’s Division of Insurance shut them down and killed health insurance for 80,000 Coloradans. Here are some more:
“Health insurance co-ops face a range of problems created by Congress … This CO-OP was projecting success to the point of paying loans back in full & early, if only promised funding hadn’t been cut …Today some politicians call this a win, while the rest of the CO-OPs need to call this a wake-up call.”
If this had even a kernel of truth to it, then the liberal media would be all over it bashing the GOP for killing the program, right? But, as we reported just days before, the coop somehow managed to lose $23 million last year and was demanding the feds (taxpayers) to make up for their loss.
So here’s how the Washington Post says things went down:
Federal health officials have been cracking down recently on many of the plans, warning them that their finances, enrollment or business model needed to shape up. Some state regulators have applied pressure of their own.
But it was a move by the Department of Health and Human Services that the four closing co-ops say was critically destabilizing. HHS announced Oct. 1 that it could afford to pay insurers participating in the federal and state-run exchanges just 12.6 percent of nearly $3 billion they were owed under a temporary provision of the health-care law. Known as risk corridors, it is intended to help cushion insurers that end up with sicker customers and bigger medical claims than they had anticipated.
So wait, this funding was only temporary to begin with? Congress didn’t pull the plug?
I suppose we shouldn’t be surprised that an agency so careless with $23 million in taxpayer dollars didn’t take that into consideration.