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Maine co-op no longer a model of profitability

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A Maine health co-op held up as example of how the healthcare cooperatives set up under the Affordable Care Act could prosper is losing millions of dollars this year after making a healthy profit last year.

In 2014, Maine Community Health Options enrolled 40,000 people, had  rates lower than its big competitors and offered unique benefits with a wide range of networked physicians.

FierceHealthPayer, citing an Associated Press report, said that the co-op “attributed its {past} success to focusing on internal operations and offering a broad network, but higher-than-expected medical costs have hurt the insurer….The co-op recently announced it will will not accept new individual members after the current enrollment period ends later this month.”



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