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Failing Health Care Co-ops Will Cost Taxpayers

Consumer Operated and Oriented Plan Programs (COOPs) were really a political compromise between Members of Congress who wanted a public plan option and those who didn’t. Once the Affordable Care Act passed, COOPs had outlived their usefulness. However, they are now failing and will cost taxpayers plenty. Senior Fellow Devon Herrick testified before a congressional committee.

Policy Reports | International | Retirement

No. 326
Wednesday, March 31, 2010
by Estelle James, Alejandra Cox Edwards and Augusto Iglesias

In 2008 Chile initiated a major reform to its personal account social security system.  The personal account system, established in 1981, replaced a traditional pay-as-you-go (PAYGO) system in which workers paid taxes that financed the benefits of those who had already retired - similar to Social Security in the United States.

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