Sunday, October 09, 2016

The Co-ops allowed under the ACA is what is strained in some states.

Created by the Affordable Care Act, the CO-OP program was designed to help create nonprofit, member-controlled health insurance plans that would offer ACA-compliant policies in the individual and small business markets. A 15-member advisory board made recommendations to HHS regarding grants and loans for CO-OPs.
Twenty-four states had CO-OP plans available in their exchanges starting in October 2014, but a large number of them have been forced to close.

The entire ACA is not in question.

November 3, 2015
More than half of the nonprofit health insurance co-ops (click here) formed through the Affordable Care Act are now off the market for the coming year, with the last-minute departure of a plan in Michigan.
On Tuesday, two days after the start of the new enrollment season in insurance exchanges created under the health-care law, the Web site of Michigan’s Consumers Mutual Insurance posted notice that it will not sell coverage for 2016.
That co-op becomes the 12th plan to fail in the past year — and the ninth this fall — out of the 23 that opened at the start of 2014. The plans have offered an alternative, consumer-oriented type of coverage that the ACA envisioned as competition for traditional health insurers