Created as part of the Patient Protection and Affordable Care Act, co-ops are nonprofit, member-run organizations that will offer health insurance plans on the state exchanges as another option for consumers and businesses. The federal government already has given approval to launch 24 co-ops in 24 states.
In Illinois, the federal government announced a $160-million loan late last year to a hospital trade organization, Metropolitan Chicago Healthcare Council, to establish a health insurance co-op to compete against major insurance carriers in the state.
Register or login for access to this item and much more
All Employee Benefit News content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access