One of the only two carriers offering ACA insurance in Iowa could soon collapse. The Affordable Care Act created CoOportunity Health alongside twenty-three other health care cooperatives. The company began to sell insurance in Iowa and Nebraska in 2013, and acquired around 120,000 members in those two states. Experts thought the co-op would succeed because they trusted its leadership, but it is now nearing financial collapse as the federal government has cut off some funds the company was getting. The payouts covered by the plans have started to exceed the cash the company has to pay them, and regulators have taken over the company.
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