Arizona health insurance co-op to close operations.
Global Banking News-November 26, 2015--Arizona health insurance co-op to close operations
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Global Banking News - 26 November 2015
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Meritus Health Partners, Arizona's non-profit health insurance co-op, is to shut down all operations on December 31.
The firm is closing operations after failing to source more capital. Meritus Health Partners was one the of the 23 health insurance co-ops created under the Affordable Care Act. About half of such firms have failed.
The closure means that 59,000 enrolees will be forced to find a new insurer for 2016.
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