Some of the nonprofit insurance cooperatives created to help implement the Affordable Care Act are reported to be in financial trouble, even before the new national health care program gets off the ground. According to an Oct. 23 article in the Washington Post, one co-op has closed, another two are ailing and at least eight more have been diagnosed with financial problems via internal government reports and a federal audit. The Post attributes the dilemma partly to “onerous” federal restrictions and insufficient funding.
The co-op in your nonprofit’s designated region may not experience such problems. But it makes sense to keep an eye on its viability.
