Remaining Obamacare co-ops need help


Officials with some of the remaining 11 Obamacare insurance startups say they need more help to remain viable, and that help wouldn't need congressional approval.

So far, 12 taxpayer-funded Obamacare consumer oriented and operated plans (co-ops) have shut down. To ensure that more don't meet the same fate, officials said the federal government needs to tweak its rules to help the remaining co-ops raise capital and market their plans.

The comments came during a hearing conducted by the House Energy and Commerce Committee's oversight and investigations subcommittee. It is the second hearing in three days on the co-ops, which were created to add competition on the Obamacare exchanges.

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