A Nebraska Congressman says the Obama Administration has been slow to acknowledge the financial problems of CO-OPs established under the Affordable Care Act that have left hundreds of thousands without coverage.
Trouble began when CoOportunity Health collapsed, forcing 120,000 Nebraska and Iowa residents to scramble to find health insurance. So far, 12 CO-OPs have failed.
Congressman Adrian Smith says it’s a problem the Obama Administration hasn’t acknowledged.
“This is a problem and I think it’s a crisis, certainly for those folks who are left without coverage as they have to scramble to find different coverage plans,” Smith tells Nebraska Radio Network. “I just hope that there’s a realization by the advocates of Obamacare that this is not working.”
Smith sponsors a measure that would exempt the half a million former CO-OP customers from the health care penalty if they lost coverage through no fault of their own.
United States Sen. Ben Sasse has joined the effort to shine light on the problem, blocking fast-track consideration of Health and Human Services nominees until the Obama Administration gives an accounting of the failures that led to so many CO-Ops collapsing.
Sasse has asked why HHS gave $1.2 billion to 12 failed CO-Ops.
The Iowa Insurance Commissioner moved to liquidate CoOportunity Health after it amassed $150 million in liabilities.
AUDIO: Brent Martin reports [:45]