Organizers used loans from the Affordable Care Act Consumer Operated and Oriented Plan program to start the nonprofit, member-owned carrier. The carrier has about 49,000 enrollees, officials said.
Anne Melissa Dowling, the department’s acting director, said she has asked the state attorney general to file a rehabilitation petition in state court.
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The department has not said how long it expects the CO-OP to continue to operate.
If and when the court enters a rehabilitation order, the CO-OP “will temporarily continue to operate under the director’s supervision,” officials said.
The CO-OP will continue to pay claims while the director works with the Centers for Medicare & Medicaid Services, the federal agency in charge of the CO-OP program, to establish a 60-day special enrollment period, so that enrollees can find new coverage, officials said.
The announcement appears to indicate that the CO-OP may close before Dec. 31.