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Politics : Formerly About Advanced Micro Devices

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To: Bonefish who wrote (947170)7/14/2016 11:19:12 PM
From: Broken_Clock   of 1577030
 
Our premiums have doubled….hooray for the corporations….
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SOURCE: FREE BEACON

The Illinois Department of Insurance announced this week that it was requesting an order of rehabilitation for the state’s Land of Lincoln Health co-op because of its unsustainable financial position. The co-op was originally awarded $160.2 million by CMS.

This closing announcement has brought the number of failed co-ops from 15, which was reported earlier this week, to 16.

Kevin Counihan, a top official for the Centers for Medicare and Medicaid services, told lawmakers on Wednesday that of the seven co-ops that are still in operation, six have been placed on corrective action plans. Co-ops are flagged for these plans when the agency has identified issues with the co-ops finances, operations, compliance or management processes.
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