(Daily Caller) Ominous signs are proliferating among 22 Obamacare health insurance co-ops of imminent financial collapses that could leave more than a million Americans without coverage, according to a Daily Caller News Foundation Investigative Group analysis.
All but one of the federally funded co-ops are experiencing accelerating net losses. President Obama's signature health care reform program established the co-ops to provide non-profit competition to private sector health insurance providers.
Many of the 22 co-ops could soon follow an Obamacare co-op that defaulted earlier this year, suffering $163 million in operating losses in a single year. That collapse left 120,000 customers without coverage on Christmas Eve.
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