After launching the only health care cooperative in the country that made money, the top executives of Maine’s Community Health Options insurance company received hefty pay hikes that more than doubled their pay in the first two years of operation.
Now, a year later, the same managers are dealing with millions of dollars of losses and are expected to sharply increase premiums on its 84,000 customers to cover claims that poured in during 2015 when thousands of policy holders – many of them previously uninsured – accessed medical care on a scale no one anticipated.
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