CMS announced it has awarded low-interest solvency loans to three new Consumer Oriented and Operated Plans.
CMS awarded $87.6 million to South Carolina-based Consumers' Choice Health Insurance Company, $62.1 million to Maine Community Health Options and $56.7 million to Oregon's Health CO-OP. CMS has now awarded loans to 10 different CO-OPs.
The Patient Protection and Affordable Care Act allocates roughly $3.8 billion to the CO-OP program, which allows eligible non-profit organizations to become health insurers and sell health coverage through health insurance exchanges.
CMS awarded $87.6 million to South Carolina-based Consumers' Choice Health Insurance Company, $62.1 million to Maine Community Health Options and $56.7 million to Oregon's Health CO-OP. CMS has now awarded loans to 10 different CO-OPs.
The Patient Protection and Affordable Care Act allocates roughly $3.8 billion to the CO-OP program, which allows eligible non-profit organizations to become health insurers and sell health coverage through health insurance exchanges.
More Articles on CO-OPs:
IRS Issues Temporary Rule on CO-OP Tax-Exempt Status
HHS Issues Final Rule for CO-OP Program