Obamacare co-ops' red ink issues persist

Obamacare co-ops were supposed to be a new way to get insurance to people to help them maintain their health, but more than a year after they first began selling coverage plans, a number of those co-ops might be needing some financial medicine of their own. Before last Friday's failure of a Midwest-based co-op, a new analysis of the Obamacare co-ops detailed the losses that were booked by all but one of the two dozen nonprofit insurers through the third quarter of 2014. Aggregate underwriting losses at the co-ops hit nearly $244 million through Sept. 30, compared to just more than $72 million in the first quarter of 2014.