CMS Awards 17th CO-OP Loan

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Last week, CMS awarded more than $85.4 million to a new Consumer Operated and Oriented Plan in Utah, making it the 17th CO-OP to receive a loan from the federal government.

Aarches Community Health Care, a private, non-profit health insurance company that plans to cover all 29 counties in Utah, was the most recent loan recipient.

The Patient Protection and Affordable Care Act allots roughly $3.8 billion for CO-OPs, which are non-profit health insurers directed by consumers. CO-OPs will be able to offer health plans in health insurance exchanges starting Jan. 1, 2014.

A full list of CMS-approved CO-OPs can be found here.

More Articles on CO-OPs:

Improving Cost, Quality Through Provider-Sponsored CO-OPs

Chicago Hospital Trade Association Bids for CO-OP Loan

CMS Awards 3 Additional CO-OP Loans

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