The one in Illinois (Land of Lincoln Health) is in a similar situation, but the wind-down is being handled much better. I actually have coverage through the end

The one in Illinois (Land of Lincoln Health) is in a similar situation, but the wind-down is being handled much better. I actually have coverage through the end of September and the state (which stepped in to shut it down) promises providers that they'll be paid. Part of the trigger for the shutdown was that on top of previous-year losses, LLH was being required to send something like $30m to the risk pool, money they just didn't have. The remains of LLH are also suing the Federal government for around $70m, because part of the original setup was that the government would cover (some portion of?) losses for the first few years through the risk pools regardless of the amount going into those pools; that was subsequently changed to "we'll divvy up the amount in the pools to companies according to their losses but we won't supplement as originally expected."