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Fact Based List:
Amounts of Federal Loans Awarded to 10 Consumer Oriented and Operated Plans (CO-OP)
Submitted By Anonymous, Created 04/26/2012 - 14:22
- Midwest Members Health - $112,612,100
- Maine Community Health Options - $62,100,000
- Montana Health Cooperative - $58,138,300
- Freelancers CO-OP of New Jersey - $107,213,300
- New Mexico Health Connections - $70,364,500
- Freelancers Health Service Corporation - $174,445,000
- Oregon’s Health CO-OP - $56,656,900
- Freelancers CO-OP of Oregon - $59,487,500
- Consumers’ Choice Health Insurance Company-$87,578,208
- Common Ground Healthcare Cooperative - $56,416,600
Source: U.S. Department of Health & Human Services
Source URL: http://www.healthcare.gov/news/factsheets/2012/02/coops02212...
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.