ACA Co-op Creation Price Tag: $17,000 Per Enrollee

“More than 500,000 people enrolled in health plans offered by nonprofit insurance companies created under the Affordable Care Act.

And with the co-ops receiving an average of $108.7 million from the federal government, taxpayer-backed funding per enrollee topped $17,000.

Twenty-three co-ops received a total of $2.5 billion from the federal government and enrolled more than 520,000 people in plans through September. However, an analysis conducted by The Daily Signal published yesterday found that just one, Maine Community Health Options, was profitable last year.

Using the latest quarterly filings for 22 co-ops, The Daily Signal examined how much money (in federal dollars) co-ops received per consumer who enrolled in a group or individual plan. On average, each co-op received $17,344 from the Centers for Medicare and Medicaid Services per enrollee. Data for New Jersey’s co-op, Health Republic Insurance of New Jersey, was not available.” - Obamacare Co-Ops Cost Taxpayers $17,000 Per Enrollee, dailysignal.com, 02/11/2015

Link to the entire article appears below:

http://dailysignal.com/2015/02/11/much-taxpayer-money-obamacare-co-op-receive-per-enrollee/?utm_source=heritagefoundation&utm_medium=email&utm_campaign=morningbell&mkt_tok=3RkMMJWWfF9wsRoiu6zBZKXonjHpfsX56OgvWa%2BylMI%2F0ER3fOvrPUfGjI4ESsNrI%2BSLDwEYGJlv6SgFQrLBMa1ozrgOWxU%3D