Another ObamaCare Nonprofit Bites the Dust

Government officials are shutting down a nonprofit health insurer in New York set up under ObamaCare because of its financial struggles, the latest blow to the health care law’s nonprofit plans.

State regulators and the federal Centers for Medicare and Medicaid Services announced on Friday that they are winding down the co-op operations of the insurer, called Health Republic.

“Given Health Republic's financial situation, commencing an orderly wind down process before the upcoming open enrollment period is the best course of action to protect consumers,” Anthony Albanese, New York’s acting superintendent of financial services, said in a statement.