Nevada Health CO-OP, a non-profit insurer created by Obamacare and given $66 million in start-up loans, will cease operations on January 1 of next year. The cause of the co-op's downfall is attributed to "market realities." Duh. Las Vegas Review-Journal: Co-op CEO Pam Egan said a second year of high claims costs and limited growth projections for enrollment made it "clear" the insurer would have a hard time providing "quality care at reasonable rates" in 2016. "(Nevada Health CO-OP) is working responsibly and proactively with the Nevada Division of Insurance and the Centers for Medicare and Medicaid Services to ensure that we meet all deadlines and fulfill obligations to our current members," Egan said. The nonprofit said members' policies will stay in effect through Dec. 31, and it is committed to fulfilling obligations to enrollees. It also said it will continue paying broker commissions. Amid reports that...(Read Full Post)