YOUR OBAMACARE FAIL OF THE DAY: Another Obamacare Co-Op Exits Exchanges, Leaving Only 5 Co-Ops in 2017.

Evergreen Health Cooperative Inc. of Maryland announced earlier this month that it is withdrawing from the Affordable Care Act exchanges next year, leaving only five co-ops in operation. The co-op will not offer or renew individual health policies in 2017.

“After many months of working closely with Evergreen management, leadership at the Centers for Medicare and Medicaid Services, and outside investors to find a workable solution, we have run out of time to meet the deadline for a January 1 effective date,” said Maryland Insurance Commissioner Al Redmer Jr. “We remain committed to a viable, competitive insurance industry in Maryland.”

This action will force 6,000 customers serviced by the co-op to be automatically enrolled in new plans. The co-op was awarded $65.5 million in taxpayer-funded loans in 2012.

Assuming the incoming Congress repeals ObamaCare, it will be a much bigger story that ruthless Republicans put the remaining co-ops out of business — and never mind that 18 others did little more than suck up tax dollars before going broke all on their own.