Insurance

Bitter pill to swallow: New York State top health insurer to shut down in 2016

416cb7b313dff280013ab01ce216107a

People celebrate in front of the US Supreme Court after ruling was announced on the Affordable Care Act. June 25, 2015 in Washington, DC.
Photo by Mark Wilson/Getty Images

New Yorkers with policies issued by Health Republic (a non-profit insurer backed by the federal government) will be forced to seek out a new company when renewing coverage for 2016. According to the New York State Department of Financial Services, which oversees health coverage policies, Health Republic currently has the 2nd largest percentage (19%) of individual and family plans, as well as the highest number on the Small Business Health Options exchange with 35%. Policies for those customers will continue through December 31.

Although the most popular provider for those seeking coverage under the Affordable Care Act, Health Republic has been struggling financially and reported losing $53 million so far this year. In 2014, its losses reached $77.5 million. As a result, they have already withdrawn from markets in Allegheny, Hudson Valley and Utica/Watertown areas.

Health Republic was established under Obamacare to offer low-cost health unsurance and was designated by the Fed as a “Consumer Operated and Oriented Plan (CO-OP), and was the only on in the state of New York to receive federal loans of $265 million.

“Starting a new insurance company is a daunting task in any environment. But the challenges placed on us by the structure of the CO-OP program as enacted by a bitterly partisan Congress were simply too difficult to overcome,” Health Republic said in a statement.

For more information please review the letter posted to their customers at https://healthrepublicny.org/media/2599/letter-from-the-ceo.pdf

Note: Open enrollment for 2016 begins November 1.

Examiner.com

3 Comments

  1. NlTH8c Wow, great blog.Much thanks again. Great.

  2. I’ve been browsing online more than 3 hous today, yet I never found any
    interesting article like yours. It’s pretty worth enough for me.
    In my opinion, if all website owners and bloggers made
    good content as you did, thhe net will be uch more useful than ever before.|
    I could not refrain from commenting. Perfectly written!|
    I’ll rigbht away clutch your rss as I can’t to find your e-mail subscription hyperloink
    oor e-newsletter service. Do you have any? Kindly let me recognise so that I may subscribe.
    Thanks.|
    It’s the best time to make some plans for the future and it is time to be happy.
    I hasve read this post and if I could I wisxh to suggest you some interesting
    things or tips. Maybe you could write nexct articles referring to this article.
    I wish to read more things about it!|
    It’s appropriate time to make some plans for the longer term and it is time to
    be happy. I’ve read this post and if I may I
    wish to counsel yyou few attention-grabbing issurs or tips.
    Maybe you could write next articles regarding this article.
    I want too learn morre issues approximately it!|
    I have been surfing online more than 3 hours nowadays,
    butt I never discovered any attention-grabbing article like yours.
    It’s pretty worth enough for me. Personally, if all web owners andd bloggers made good content material as you probably did, the net will likely be a lot more useful than ever
    before.|
    Ahaa, its fastidious dialogue regarding this article here at this blog, I have
    read all that, soo at this time me also commenting here.|
    I am sure this paragraph has touchedd all the internet visitors, its
    really really fastidious post on building up new webpage.|
    Wow, this article is pleasant, mmy sister is analyzing these
    things, so I am going to convey her.|
    Saved as a favorite, I love your website!|
    Way cool! Soome very valid points! I appreciate you penning thnis
    argicle and the rest of the website is really good.|
    Hi, I do believe this is an excellent site.
    I stumbledupon it 😉 I am going to come back yet again since i have book marked it.
    Money annd freedom iss thhe greatest way to change, may you be rich and continue too
    guide others.|
    Woah! I’m really enjoying the template/theme off this blog.
    It’s simple, yet effective. A lot of times it’s very hard to get thyat “perfect balance”
    between useer friendliness andd visual appeal.
    I must say you’ve done a superb job with this.
    In addition, the blog loads very quick for me on Safari.
    Exceptional Blog!|
    Thesxe are in fact enormous ideas in on the topic of
    blogging. You have touched some nice factors here.
    Any way keep up wrinting.|
    Everyone loves what yoou guys tend to be up too. This sort of clever
    wortk and exposure! Keep up the terrific works guys I’ve included you guys to blogroll.|
    Hey! Someone in myy Facebook group shared this website with
    us so I came to give it a look. I’m definitely enjoying the information.
    I’m bookmarking and will be tweeting this to my followers!
    Fantastic blogg and fantastic design.|
    I love what you guys tend to be up too. This type of clever work and coverage!
    Keeep up the good works uys I’ve incorporated you guys to my own blogroll.|
    Hello would you mind sharing which blog latform you’re using?

    I’m looking tto start my oown blog in tthe near future but I’m
    having a tough time making a decision between BlogEngine/Wordpress/B2evolution and Drupal.

    The reason I ask is because your design aand style seems
    different then most blogs and I’m looking foor something unique.
    P.S Sorry for being off-topic but I had to ask!|
    Hi would you mind lettig mee know whicch webhost you’re utilizing?
    I’ve loaderd your blog in 3 different browsers and I must say this blog loads a lot quicker then most.
    Can you recommend a good hosting provider at a fair price?
    Cheers, I appreciate it!|
    I really like it when people come together and share opinions.
    Great site, stick with it!|
    Thqnk you for the good writeup. It in fact was a amusement account it.
    Look advanced to more added agreeable from you!
    By the way, how can we communicate?|
    Howdy just wanted too give you a quick heads up. The words in your content seem to be running
    off the screen in Firefox. I’m not sure if this iis a format issue or something to do with web browser compatibility butt I thought I’d post to
    let you know. The layout look great though!
    Hoope you get the problem fixed soon. Many thanks|
    This is a topic that’s close to my heart… Cheers!
    Exactly where arre your contaht details though?|
    It’s very simple to finjd out any matter on web as compared to
    textbooks, as I found this post at this site.|
    Doess your site hzve a contact page? I’m having a tough time locating it but, I’d like to shoot you aan email.
    I’ve got some suggestions for youyr blog you might
    bbe interested in hearing. Either way, great site and I look forward
    to seeing it expanmd over time.|
    Hey there!I’ve been following your weblog for a while now and finally got the bravery tto
    go ahead and give you a shout out from Kingwood Tx! Just wanted to mention keep up the good job!|
    Greettings from Colorado! I’m bored to death at work so I decided to brwse your website on my iphone during lunch break.
    I love the info you provide here and can’t wait to take a look when I get home.
    I’m shocked at hhow fast your bllog loaded on my mobile ..
    I’m not even using WIFI, just 3G .. Anyways, superb blog!|
    Its like yyou leafn my mind!You appear to know a lot about this, such as you wrote
    the ebook in it or something. I believe that you simply can do with soime percent to pressure the message home a bit, but other than that, that is excellent blog.

    An excellent read. I’ll definitely be back.|
    I visiteed several wweb sites however thee audio
    feature ffor audio songs present at this web site is genuinely
    fabulous.|
    Hi, i read your blog occasionally and i own a sikilar one and i
    was just curious if you get a lot of pam remarks?
    If so how do you stop it, any plugun or anything you can suggest?
    I get so much lately it’s driving me mad so any assistance is very much appreciated.|
    Greetings! Very helpful advice in this particula post!
    It’s the little changes that make the most important changes.

    Thanks for sharing!|
    I really love your blog.. Excellennt colors & theme. Did you develop this amazing site yourself?
    Please reply back as I’m planning to create myy own personal blog aand wannt to know where yyou ggot
    this from or what the theme is called. Many thanks!|
    Hello there! This article cokuld not be wrutten any better!
    Reading through this post reminds me of my previous roommate!
    He always kept talking about this. I am going to send this information to him.
    Fairly certain he’ll have a great read. Many thanks for sharing!|
    Amazing! This blog looks exactly like my olld one! It’s on a entirely different topic but it has pretty much the same layout
    annd design. Excellent choice of colors!|
    There is certainly a great deal tto know about thuis issue.
    I really like all the points you’ve made.|
    You have made skme decent points there. I looked on the net for
    more information about the issue and found most individuals will go along with your views on this site.|
    Hi there, I read your bblog daily. Yourr story-telling styyle is witty, kedep it up!|
    I simply couldn’t go away your website prior to suggesting that I rsally lloved the usual
    information a person shpply in your guests? Is gonna be back steadily in order to investigate cross-check new posts|
    I needed to thank you for this very good read!! I absolutely loved
    every bit of it. I’ve got you book marked to lookk
    at new things you post…|
    What’s up, just wanted to say, I liked this post. It wwas inspiring.

    Keep on posting!|
    Hello, I enjoy reading through your article post.
    I like to write a little comment to support you.|
    I always spent my half an hour to read this webpage’s articles everyday along with a mug of coffee.|
    I all thhe time emailed this webpage post page to all my
    contacts, bexause if like to read it after that myy links
    will too.|
    My developoer is trying to convince me to move to .net from PHP.
    I have always disliked the idea befause of the expenses.
    But he’s trying none the less. I’ve been using WordPress on various websites for aabout a year
    and am nervous about switching to another platform. I
    haqve heard excellent things about blogengine.net.
    Is thee a way I can import all my wordpress content
    into it? Any kind of help would bbe really appreciated!|
    Hi there! I could have sworn I’ve been to this
    blog before but after going through some of the posts I realized it’s new to me.
    Anyhow, I’m definitely pleased I discovered it and I’ll be book-marking it
    and checking back often!|
    Terrific article! That is the type of information that should be shared arouund the web.

    Disgrace on the seek eengines for no longer positioning this put up
    upper! Come on over annd discuss with my web site . Thanks =)|
    Heya i am for the first time here. I found this boardd and I find
    It really useful & it helped me ouut much. I hope to give something back and aid othrs like you aided me.|
    Hi there, I do believe your site might be havng browser compatibility problems.
    When I look at your blog in Safari, it looks fine but when opening in IE, it’s got
    some overlapping issues. I merely wanted to provide you with a quick heads up!
    Besides that, wonderful website!|
    Someone necessarily assist to make severely articles I’d state.
    This is the vewry first time Ifrequented your web psge and thus far?
    I amazed with the research yoou made to make this actual submit
    extraordinary. Wonderful job!|
    Heya i am forr the first time here. I came across this board and I find It really useful &
    it helped me out much. I am hoping to give something back and
    aidd others such as you helped me.|
    Hello there! I just want to offer you a huge thumbs up for your grezt info you have right here on this post.
    I’ll be returing to your blog for more soon.|
    I alwas used to read paragraph in news papers but now as
    I am a user oof web thus from now I am using net foor articles or reviews, thanks to web.|
    Your method of explaining the whole thing iin thios post
    is truly pleasant, all be capaable of simply know it, Thanks a
    lot.|
    Hi there, Idiscovered your site viia Google whilst looking for a comparable matter, your site
    got here up, it seems great. I have bookmarked it in my google bookmarks.

    Hello there, just changed into aware of your blog thru Google, and found that it is reeally informative.
    I am gonna be careful for brussels. I will be grateful when you
    continue this in future. Many other folks shall be benefited from your writing.

    Cheers!|
    I am curious to find out what blog system you are using?
    I’m experiencing some minor security issujes with my latest site and I would like to find
    something more risk-free. Do you have anyy solutions?|
    I’m really impressed with your writing skills and also with the layout on ylur
    weblog. Is this a paid theme or did you modiufy
    it yourself? Anyway kerp up the nice quality writing, it is rare to seee a great
    blog like this onee nowadays.|
    I’m extremely inspired along with yohr writing abilities and also with the formnat
    in your blog. Is this a paikd topic or did you customize it your self?
    Either way keep up the excellent quality writing, it’s uncommon to look a grewat
    blog like this one today..|
    Hello, Neat post. There’s an issue togethe with your website in intewrnet explorer, could check this?
    IE nonetheless is the marketplace leader and a huge component to people
    will miss your magnificent writing because off this problem.|
    I amm not sure where yoou are getting your info, but
    good topic. I needs too spend some time learning much more or understanding more.
    Thanks for wonderful information I was looking for this info forr myy mission.|
    Hello, i think that i saw you visited my weblog thus i came to “return the favor”.I
    am attempting to find things to enhance my website!I suppose its ok
    to use some of your idea\

  3. hello there and thank you forr your information ? I have definitey picked
    up something new from right here. I did however expertise several technical points using this web site, since I experienced to reload the site many tims previous
    to I could get it too load correctly. I had been wondering if your web hosting is OK?
    Not that I’m complaining, but sluggish loading injstances tomes will sometimes affec your placement in google and can damage your high quality score if advertising and
    marketing with Adwords. Anyway I’m adding ths RSS to my e-mail and can look out for much more off your respective itriguing content.
    Make sure you updatee this again soon.

Leave a Comment

Your email address will not be published. Required fields are marked *

*