ObamaCare Killing Teacher's Health Trust

From the Las Vegas Sun:
With mounting health care costs and stagnant revenues, the Teachers Health Trust is seeking to go into arbitration with the Clark County School District to raise health premiums for nearly 18,000 teachers.
The news comes a little more than a month and a half after independent auditors found significant financial challenges facing the nonprofit Teachers Health Trust in the wake of the recession and the passage of the federal Affordable Care Act.
The Teachers Health Trust is the nonprofit health care provider for some 35,000 people — district teachers and their dependents. The welfare benefit trust was founded in 1983 under an agreement between the School District and the Clark County Education Association, the local teachers union that bargains on the trust's behalf.
The trust has an annual budget of about $142 million. The School District pays about $115 million annually into the trust to maintain its $546-per-teacher monthly contribution.
Teachers with the more expensive “diamond” plan pay $50 extra in monthly premiums. Teachers on the cheaper “platinum” plan — which constitute the majority of trust participants and the bulk of the remaining revenue — pay no extra premium.
Read more: http://www.lasvegassun.com/news/2013/mar/19/teachers-health-trust/#ixzz2O3pc403M
So, it looks like ObamaCare is going to help kill a private insurance company.
As someone who is a member of Teacher's Health Trust, I say, let it die and bring in another health insurance company, that will save teachers and the CCSD money.