Once again, Obamacare fails

Jan. 2, 2018, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement blasting the failure in New Mexico of another health care law co-op:

“New Mexico Health Connections was founded using $77 million of taxpayer loans. Now, they’re seeking private sector funding to keep them afloat at some level. Obamacare co-ops were supposed to be the non-profit approach to health insurance to make certain that everyone had low-cost options for coverage. Not surprisingly, co-ops across the nation have failed as customer costs exceeded revenues. President Trump should demand that the New Mexico Health Connections the U.S. taxpayers at the front of the line for repaying the $77 million in loans they received. Naturally, these payments will never be received and the people who put their trust in a guaranteed to fail co-op business model will find in New Mexico as people have found in other states across the Union, that low-cost Obamacare was more hope than reality.”

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