A new group of nonprofit, member-owned health insurers may now be providing coverage for about half a million Americans.
The U.S. Department of Health and Human Services (HHS) has released little information about the insurers organized using the Consumer Operated and Oriented Plan Program (CO-OP), a component of the Patient Protection and Affordable Care Act of 2010 (PPACA).
The HHS Office of Inspector General (HHS OIG), an agency that keeps tabs on HHS, put CO-OP financial information in a CO-OP report posted Thursday.
One of the 23 CO-OPs, CoOportunity Health, shut down in 2014. Another CO-OP, Louisiana Health Cooperative Inc., has said it has decided to close down in December.