One of the bright spots in the otherwise beleaguered landscape of nonprofit health insurance co-ops doesn't look so bright anymore.
Less than four months after announcing soaring enrollment in its plans, Meritus Health Partners, an Arizona co-op offering plans on the Obamacare exchange, says it will be closing shop at the end of the year. The nonprofit insurer simply isn't getting enough money from premiums to cover its claims.
The group's attempts to find other financial backing have also come up short.
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