A health insurance co-op that had been one of just a handful of ObamaCare providers in New Hampshire suddenly bailed this week, citing the punishingly high costs of the federal health care law that has been plagued by rising costs and declining coverage options.
New Hampshire Public Radio reported on Wednesday:
One of the five insurance companies on the federal health exchange in New Hampshire is unexpectedly backing out early this year. The CEO of Maine-based co-op Community Health Options says costs have simply gotten too high for them to continue.
Governor Maggie Hassan has been a stanch supporter of ObamaCare through scandal after scandal, expressing zero concern when providers announced premium hikes earlier this year.
But Hassan may have trouble explaining this latest mess to Granite Staters, given she praised Community Health Options joining the exchange as “fantastic news” that would “improve affordability and increase choices” in a 2014 statement:
‘Today’s announcement that two additional carriers plan to offer coverage on New Hampshire’s Health Insurance Marketplace in 2015 is fantastic news that will improve affordability and increase choices for all New Hampshire citizens. Bringing additional competition to our Health Insurance Marketplace is a critical component of our effort to bring quality, affordable health coverage to all Granite Staters, and with five carriers now planning to offer coverage in 2015, we have taken an important step toward improving the health and financial well-being of our people.
Just over a year later, the exact opposite is true; Granite Staters have fewer choices and higher costs, just in time for the holidays.