Illinois health insurer announces liquidation as Obamacare co-ops collapse
By
Kristina Betinis
18 July 2016
Last week Illinois Land of Lincoln Health insurance co-op announced plans to liquidate, affecting health insurance for more than 49,000 people in the state. This is the sixteenth liquidation of an insurance co-op established in 2013 as part of the Affordable Care Act (ACA), Obamas counter-reform aimed at restructuring the US health care system.
The insurer will remain open on a temporary basis as it winds down its operations. The company stopped accepting enrollments earlier this year. Its exit leaves the state with significantly fewer health care opt…
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