Land Of Lincoln Latest Co-Op Casualty As ACA Funds Stall

Law360, New York (July 18, 2016, 6:55 PM EDT) -- Illinois' Land of Lincoln Health will be shuttered following a recent announcement that it can't make good on a $32 million payment to the federal government, but health care experts say that it is Congress' blocking of billions of dollars in promised payments to marketplace participants that has led to a wave of Affordable Care Act-created co-ops crashing nationwide.

A couple of weeks ago, the Illinois Department of Insurance tried to shield Land of Lincoln Mutual Health Insurance Co. from a payment that it warned would...
To view the full article, register now.