Fate of CO-OPs seen undermined by unreasonable premium rates
Thanks to the Affordable Care Act’s Consumer Operated and Oriented Plan (CO-OP) Program, some 24 qualified nonprofit health insurance issuers have been created in 24 states using startup loans and solvency grants from the U.S. Department of Health and Human Services. The goal of these so-called CO-OPs is to increase consumer choice and foster competition in the individual and small group health insurance markets -- two goals now being undermined by premium rate turmoil. Read More »