So sad that the “who’s gonna pay for it” is coming about sooner than they thought…..
Some 250 patients receiving treatment at Memorial Sloan Kettering Cancer Center are facing a crisis because they signed up with the only ObamaCare insurer in New York that provides coverage at the world-renowned hospital — and the insurer is going bust.
Now the patients either have to find new insurers and doctors or pay higher out-of-pocket costs for extended care at Sloan.
State regulators are removing Health Republic Insurance of New York from the ObamaCare exchange as of Nov. 30 because the company is gushing red ink — losing more than $130 million in 18 months.
The state Department of Financial Services is advising customers to shop for new policies by Nov. 15, to ensure coverage for the rest of this year as well as next.
Under state law, patients are guaranteed 60 days of “continuity of coverage” at the facility where they are being treated.
Sloan Kettering said it is urging the state to extend that to one year.
But no other ObamaCare insurer has been able to reach a deal with Sloan Kettering, leaving the Health Republic patients in the lurch.