Bob Laszewski, in my opinion has been the most honest, consistent and accurate commenters on Obamacare. His latest piece on the failing Obamacare Co-ops is worth a read. Eight of the co-ops, government sponsored insurance companies, designed to bring more competition to the insurance market have failed. They were supposed to be budget neutral, that is, the profitable co-ops would subsidize the loss-making co-ops but that is not the case:
the health plans, including these co-ops that lost money in Obamacare, lost it at a rate eight times greater than the relatively few health plans that made money under Obamacare, a difference of $2.5 billion!...
Let me also suggest that these struggling Obamacare co-ops are tantamount to the canaries in the Obamacare coal mine.There's more. Worth a read.
These plans are exclusively in the business of the Obamacare insurance exchanges. If you want to segregate the Obamacare insurance business model from the overall insurance business to examine it, the co-ops are pure Obamacare.