Tenn. Closing Obamacare Program in December Due to Financial Issues

Tennessee’s Obamacare co-op said Wednesday that it will close at the end of December — becoming the sixth of 23 plans created under the Affordable Care Act to flop in the past year.

The Community Health Alliance, a co-op with 27,000 members, said that it reached its decision “after careful analysis of the company’s current and future financial condition” and “lengthy discussions” with federal and state regulators, The Washington Post reports.

Last month, the federal government warned Tennessee officials of financial issues with Community Health, The Washington Examiner reports. Among them were failing to pay agents and brokers, as well as rising patient complaints.