(Springfield, IL) — The red ink is getting deeper for the Land of Lincoln Health insurance co-op, set up after the passage of the Affordable Care Act. Operating losses for 2015 totaled nearly 91-million-dollars for the Obamacare health plan, five times more than in 2014. Board chairman Kevin Scanlan says the co-op is adjusting its business model to adapt to the new marketplace, but nationwide, 12 of the 23 co-ops set up to handle insurance under the ACA have closed their doors.
###
David Stewart/sks IL) IN)
Copyright © 2016
TTWN Media Networks Inc.