On the recordDecember 2, 2015
Louisiana's co-op failed. It attempted to lower costs with a skinny network, but ultimately it still could not compete. If I may point out, we have talked about how the low-wage worker has had her opportunity diminished by the law. We discussed how the middle- class family, who oftentimes had insurance they were told they could keep, lost it, and now they have a deductible of $3,000, which they say makes the insurance something they cannot afford. We are speaking about the U.S. taxpayer. The U.S. taxpayer has put billions of dollars toward these co-ops. There is some evidence that the administration continued to put money into them even when they knew they were going to fail, and yet now they are failing--over half and supposedly more slated to do so. It isn't just the low-wage worker and the middle-class family; it is all the taxpayers who have taken a hit for promises made but promises broken.
