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 wreck a company that just last year reported a $90 million net operating loss, saying...

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