One of five health insurance co-ops that are still offering Obamacare plans this year projected a $39 million loss, citing challenges with Obamacare’s risk-adjustment program.
Just over 12.2 million individuals signed up for Obamacare coverage in 2017, roughly half of what the Congressional Budget Office projected four years ago.
The Obama administration last year spent more than $77 million on advertising costs to promote Obamacare, which a Republican-controlled White House and Congress are now working to repeal.
Many Trump supporters who received coverage through the Affordable Care Act said they were overwhelmed by out-of-pocket costs and high deductibles, according to a survey from the Kaiser Family Foundation.
Evergreen Health Cooperative Inc. of Maryland announced earlier this month that it is withdrawing from the Affordable Care Act exchanges next year, leaving only five co-ops in operation. The co-op will not offer or renew individual health policies in 2017.