Amounts of Federal Loans Awarded to 10 Consumer Oriented and Operated Plans (CO-OP)

1. Midwest Members Health - $112,612,100
2. Maine Community Health Options - $62,100,000
3. Montana Health Cooperative - $58,138,300
4. Freelancers CO-OP of New Jersey - $107,213,300
5. New Mexico Health Connections - $70,364,500
6. Freelancers Health Service Corporation - $174,445,000
7. Oregon’s Health CO-OP - $56,656,900
8. Freelancers CO-OP of Oregon - $59,487,500
9. Consumers’ Choice Health Insurance Company-$87,578,208
10. Common Ground Healthcare Cooperative - $56,416,600

Notes: The ACA created a new type of nonprofit health insurer, called a Consumer Oriented and Operated Plan, or “CO-OP.” The CO-OP program offers low-interest loans to eligible nonprofit groups to help set up and maintain these issuers. To date, a total of 10 non-profits offering coverage in 10 states have been awarded $845,012,408.
Source: U.S. Department of Health & Human Services
Source URL: http://www.healthcare.gov/news/factsheets/2012/02/coops02212...

Printer-friendly versionSend to friendmore...