Similar pressures already have forced a dozen
insurance ObamaCare co-ops out of business, including the
New York giant insurer Health Republic. If enrollments continue to stagnate, it’s likely other insurers will follow UnitedHealthcare and jump ship.
On Thursday, the administration tried to calm insurers, sending them a written memo full of promises. Obama’s Department of Health and Human Services vowed to go to Congress for full funding to reimburse insurers for their losses.