[Congressional Record Volume 161, Number 17 (Monday, February 2, 2015)]
[House]
[Page H686]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




           COOPPORTUNITY HEALTH INSURANCE FACING LIQUIDATION

  (Mr. SMITH of Nebraska asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. SMITH of Nebraska. Mr. Speaker, I rise today to draw your 
attention to CoOpportunity Health, one of 23 insurance co-ops created 
by ObamaCare. These plans have been awarded approximately $2 billion in 
taxpayer dollars. CoOpportunity specifically received $146 million in 
Federal loans.
  On December 23, 2014, the Iowa insurance commissioner submitted a 
petition for an order of rehabilitation of CoOpportunity Health. The 
company now faces liquidation.
  Approximately 120,000 of CoOpportunity's customers, most of whom live 
in Nebraska, have been told they need to find a new insurance carrier. 
I am extremely concerned about this situation for Nebraskans needing 
health coverage and for the taxpayers who have seen millions of dollars 
lost and millions more put at risk. This is one more example of 
ObamaCare's failure.
  Last month, I sent a letter to HHS Secretary Burwell seeking more 
information about these concerns. Americans were promised they could 
keep the insurance they had and liked, and now we are seeing they 
cannot even keep the insurance this very law created.
  This is one more reason I look forward to voting tomorrow to repeal 
this harmful law.

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