The Cooperative reported $176.2 million in losses in 2014 alone, before losing even more money in 2015. It was created and maintained with $123.8 million in federal loans. That means unless they bought a bunch of office furniture which is now somehow worth more than $50 million more than they paid for it, any remaining unpaid claims cannot possibly be paid by "selling assets."
"If Kentucky officials had listened to me last summer, they could have ended the Cooperative charade before any more innocent Kentuckians were harmed by this ObamaCare nonsense," Kentucky Progress publisher David Adams said. "Buying ObamaCare insurance remains a crapshoot and is not worth the risk."