Health Care

Obamacare's Nonprofit Insurers Are Failing, Predictably

Upstarts never had much hope of competing with established insurers.

Turns out care is just kind of ... expensive.

Photographer: Noah Friedman-Rudovsky/Bloomberg

Remember health care co-ops? No, of course you don’t, because unlike some people I could name, you did not spend most of 2009 and 2010 reading white papers, scouring newspapers and attending panels to keep up with the exciting minute-to-minute details of Obamacare’s evolution.

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