Another of Obamacare's insurers is going under. This time, it's Health Republic of New York, an insurer that made waves in 2014 for offering some of the lowest-cost insurance plans on New York's exchange. The non-profit, which had been hemorrhaging money since year one, will shut down by the end of November, taking $265 million in federally-subsidized loans with it. Health Republic is a textbook example of failure in government management, with lessons that should guide future reforms.
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