Another Affordable Care Act (ACA) health insurance co-op bit the dust.
Baltimore-based Evergreen Health, one of 23 co-ops created as a way to stimulate competition in the ACA’s health insurance marketplace, has been declared insolvent and will be liquidated, and all its members’ policies will be canceled at the end of September.
Four other insurers agreed to offer plans to Evergreen’s members. Like Evergreen, most of the ACA’s other insurance co-ops have gone out of business; Evergreen was constrained by having to pay its share — $24 million — to other Maryland insurers with sicker members.
“It’s a very unfortunate end to a very p…
Read the full article at: https://www.medpagetoday.com/publichealthpolicy/healthpolicy/67735
