Federal regulators are updating the reporting program they use to keep tabs on the finances of the Consumer Operated and Oriented Plans (CO-OPs).
The Centers for Medicare & Medicaid Services (CMS) asks CO-OPs to give CMS more information about their capital and surplus in monthly financial reports.
The new template also asks CO-OPs to give CMS more information about matters such as investment income receivables, Patient Protection and Affordable Care Act (PPACA) reinsurance program premium costs, and expected PPACA reinsurance program recoveries, according to a copy of a “crosswalk” spreadsheet that indicates how CMS is changing the template.
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CMS says in a note at the bottom of the template that the information given in the template “has not been publicly disclosed and may be privileged and confidential.”