CBS: Insurance co-ops scrambling away from individual market « Hot Air: "After a month of the ObamaCare fiasco, insurers find themselves staring into the abyss of the “death spiral” — the risk-pool meltdown of accepting too many high-maintenance consumers without enough low-maintenance consumers to spread the costs. CBS Evening News focused on one such insurer, a new co-op in Maryland that got its start from a $65 million federal loan and planned on marketing mainly within the ObamaCare exchange. After a few days of watching HHS flounder, the CEO threw out that business plan entirely."
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