Illinois Obamacare plan to fold after 3-year run

Posted online July 14, 2016 | 11:33 am

Land of Lincoln Health, an Obamacare insurer that launched three years ago, is shutting down and liquidating after large financial losses.

The company's decision came after a failed petition to the federal Centers for Medicare & Medicaid Services seeking a stop on $31.8 million it owes for risk adjustment.

Land of Lincoln is among nearly two dozen co-ops created to make the Affordable Care Act more competitive.

Read more from Crain's Chicago Business.

Comments

No comments on this story |

Please log in to add your comment

State senate votes to repeal paid sick leave provision

Editors' Pick

From the Ground Up: Springfield-Greene County Library District Republic Branch

Under construction beside the existing Republic branch of the Springfield-Greene County Library District – which remains in operation throughout the project – is a new building that will double the size of the original, according to library officials.

Most Read