Fiscal deal kills new funding for health law’s co-ops.
I have a feeling the only way CO-OPs would work is if it were a voluntary association with a strong culture of caring for the less fortunate. Religious associations might be able to make this work. But, the average age of church members is old enough that it might be a rather sick risk pool.
I agree with the concept of a Co-op, but I disagree with government involvement. If this succeeds or fails, it should be because of the free market.
Personally, I believe that a health co-op with a profit structure similar to that of a credit union would be for the best. Members choose to join, and profits at the end of the year are given back to the members in the form of lower membership costs in the following year. If there is no expected profit, then the company would not get off the ground anyway. It is unwise to ask the taxpayer to be liable in case of failure. This inflates reward while deflating risk, encouraging irresponsible money management.
“An actuarial review the Obama administration released last October predicted that that sort of scenario would play out. Despite their best modeling efforts, they could not find a way to keep the CLASS Act both affordable and voluntary. After conducting that review, Health and Human Services stopped implementing the CLASS Act altogether. ”
Fiscal deal kills new funding for health law’s co-ops.
I have a feeling the only way CO-OPs would work is if it were a voluntary association with a strong culture of caring for the less fortunate. Religious associations might be able to make this work. But, the average age of church members is old enough that it might be a rather sick risk pool.
Deal fails to satisfy liberal democrats.
There’s just no pleasing some people!
I agree with the concept of a Co-op, but I disagree with government involvement. If this succeeds or fails, it should be because of the free market.
Personally, I believe that a health co-op with a profit structure similar to that of a credit union would be for the best. Members choose to join, and profits at the end of the year are given back to the members in the form of lower membership costs in the following year. If there is no expected profit, then the company would not get off the ground anyway. It is unwise to ask the taxpayer to be liable in case of failure. This inflates reward while deflating risk, encouraging irresponsible money management.
“The CLASS Act is officially repealed.”
At least SOME good things came from another quickly passed, irresponsible stop-gap financial bill.
“An actuarial review the Obama administration released last October predicted that that sort of scenario would play out. Despite their best modeling efforts, they could not find a way to keep the CLASS Act both affordable and voluntary. After conducting that review, Health and Human Services stopped implementing the CLASS Act altogether. ”
CLASS was definitely broken.
You’d think at some point I’d stop being outraged at their ‘irresponsible stop-gap’ measures. But no.