Obamacare company shutdown leaves customers in a lurch, facing higher costs

[Banjo]

The Illinois Insurance Department moved Tuesday to shut down Land of Lincoln because of its unstable financial health, leaving about 49,000 policyholders in a lurch. They will lose coverage in the coming months, but neither regulators nor the company have said exactly when.

http://www.chicagotribune.com/busin...shutdown-fallout-0714-biz-20160713-story.html

 

[Wallet]

After lobbying for Obamacare and the federal mandate that every citizen buy insurance, the next step is to have the federal government bail them out. Why have a single payer when the Insurance Companies can keep their profits at the taxpayer's expense. But let's weed out the competition first.

The Affordable Health Care Act is a joke.