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Welcome to Insurance Lovers InsuranceBaru.blogspot.com Batting Averages, The Weather, Businesses & Obamacare Co-ops

In baseball game game beingness successful 3 out of 10 times at the plate testament in all probability teach yous into the Hall of Fame.

Influenza A virus subtype A meteorologist forecast projecting out 10 days is right nearly 40% of the time


Start upward businesses - according to the SBA - acquire inwards beyond the source solar year 50% of the time

According to a Harvard study, novel businesses using company uppercase succeed 25% of the time.

So what nearly those non-profit, authorities funded, competitor enhancing, Obamacare Co-ops? You know, the newly formed "insurance companies" that would usage to a greater extent than competitor together amongst line the big bad insurance industry to play fair together amongst quit cost gouging amongst high premiums to pay obese true true cat CEO's together amongst shareholders fists total of money.

Well, they are batting a whopping .174 - below the Mendoza Line. Of the 23 co-ops that truly got off the reason (there were 24 exactly we won't count the Vermont debacle) as of 2018 solitary four testament remain. One of them, Montana, took measures concluding solar year to halt enrollment amongst concerns they wouldn't travel able to meet their financial obligations.

What's worse than the 17% success rate? That would travel the "venture capital" we (taxpayers) gave Co-ops for commencement upward funds. Of the $2.4 billion low/no interest loans given, the four remaining Co-ops received $402 i M m - a loss of to a greater extent than or less $2 billion.

Yet authorities wonders why we don't trust them to travel adept stewards of our hard earned money.