Here are four takeaways:
1. South Carolina’s Consumers’ Choice Health Insurance is the ninth health insurance co-op to go out of business.
2. The closing will leave 67,000 businesses and individuals without health insurance.
3. When the co-op was created, many voiced concerns the money promised to the co-op would not be granted.
4. Ray Farmer, director of the South Carolina Department of Insurance, said, ”This was a difficult decision for the insurer and this agency, but this is what is in the best interests of South Carolina consumers and health care providers.”
