by DR. SUSAN BERRY7 Jul 20161,103
Connecticut’s Obamacare health insurance co-op is being placed under state supervision because of its status as financially “unstable,” leaving 40,000 individuals on the hunt for new insurance plans.
HealthyCT – a nonprofit health insurance plan set up under President Barack Obama’s signature health care reform, is one of 23 original Obamacare co-ops and the 14th to fail since they began selling their health insurance plans on the Obamacare exchanges.
Obamacare exchange Access Health CT CEO Jim Wadleigh released a statement following the announcement from Connecticut Insurance Department regulators that HealthyCT would no longer be permitted to sell plans in Connecticut.
We have just learned from the Connecticut Insurance Department that insurance company HealthyCT has been ordered to stop writing new policies in Connecticut effective immediately. As a result, Access Health CT will no longer be selling healthcare coverage offered by HealthyCT on the exchange. We realize that this will cause some concern for customers who purchased a HealthyCT plan via AHCT and we are committed to making sure they receive the help they need to find new coverage.
