Virginia customers are now scrambling to find new insurance companies by Jan. 1.

The Kentucky co-op suffered huge financial losses in 2014. It reported $126 million in net losses, greater than the $124 million it reportedly had been originally given, according to the National Association of Insurance Commissioners.

Because of the capital shortfall, CMS officials last November also sent in an emergency tranche of $65 million in emergency solvency funds to the co-op.

The capital was sent to assure that the co-op had the minimum sufficient capital reserves as required by insurance regulators.

So far, Obamacare co-ops have failed in Vermont, Louisiana, Iowa, Nebraska, New York, Nevada and now Kentucky.

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