By Carla K. Johnson, The Associated Press
Commentary by: Lynn Cheramie, Founder, Freedom Fighters of America
I seem to remember someone saying something about a $2,500.00 decrease in insurance premiums per year. We are way past a $2,500.00 increase in premiums, deductibles and co-payments and now the competition that was supposed to exist in the Co-Ops slowing dwindles because there is only 7 left out of 23.
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An Illinois health insurance co-op with 49,000 policyholders in the state has become the latest casualty among a dwindling group of nonprofit alternative insurers set up under the Affordable Care Act.
Illinois regulators took steps Tuesday to shut down Land of Lincoln Health, a 3-year-old startup that lost $90 million in 2015 and more than $17 million through May 31.
Illinois Department of Insurance officials announced they are seeking a court order allowing the state to take over Land of Lincoln Health and prepare the company for liquidation.
I seem to remember someone saying something about a $2,500.00 decrease in insurance premiums per year. We are way past a $2,500.00 increase in premiums, deductibles and co-payments and now the competition that was supposed to exist in the Co-Ops slowing dwindles because there is only 7 left out of 23.
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