Coordinated Health Mutual Inc., Ohio’s consumer operated and oriented plan (CO-OP), went into receivership to let the failing company wind down its operations over the next 60 days, the state’s Department of Insurance announced. Read this link.
The CO-OPs were created under the Affordable Care Act as a partial way to moving the nation to universal coverage once it became clear that the “public option” (in effect a Medicare plan mostly for those under age 65 and of moderate and low income) could not survive the lobbyists and legislators in Washington,
But at the same time, HealthyCT, Connecticut’s CO-OP, said it expects to be profitable by 2017’s first quarter, going against a trend that has led to the collapse of at least a dozen CO-OPs.
