Connecticut Physicians to Form Health Insurance CO-OP

The Connecticut State Medical Society and Connecticut State Medical Society Independent Practice Association are looking to create a non-profit health insurance plan that would compete with other large insurers, according to a Hartford Business Journal report.

The new entity would be called HealthyCT and would become a consumer operated and oriented plan, or CO-OP, which is part of the Patient Protection and Affordable Care Act, the report said.

HealthyCT must file a full application with the Department of Health and Human Services by Oct. 17 to be considered a CO-OP. If completed, it would be in operation within the state's health insurance exchange in 2014.

Related Articles on Health Insurance:

AHA Comments on Co-Op Proposed Rule
CMS Accepting Loan Applications for CO-OP Insurance Plans
HHS: Up to 40% of Health Insurance Co-op Loans Could Default

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