Grace-Marie Turner and Tom Miller: ObamaCare Co-ops: Cause Célèbre or Costly Conundrum?

The Affordable Care Act created a new kind of “cooperative” health insurance arrangement heralded by supporters of health reform. The co-ops were founded on the idealistic belief that community members could band together to create health insurance companies that would be member-driven, service-oriented, and would not have to answer to shareholders or turn a profit.