Obama administration: We take co-op failures 'quite seriously'

The Obama administration said Monday it takes the recent failure of Obamacare startups "quite seriously," but insisted most consumers still have plenty of good insurance options to choose from.

More than half of the taxpayer-funded insurance plans started under the Affordable Care Act to spur competition have shuttered, putting the administration on the defense as it undertakes the healthcare law's third enrollment season. Of the 23 consumer-operated and oriented plans, or "co-ops," just 11 remain.

Kristie Canegallo, the White House's deputy chief of staff for Affordable Care Act implementation, told reporters to think about "first principles" of the law, including its overarching goals of providing multiple options for Americans shopping for coverage.

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