Filed Under:Markets, Employee Benefits

CCIIO Awards CO-OP Startup Loans

The CO-OP loans could spawn a new type of nonprofit health plan. (AP Photo)
The CO-OP loans could spawn a new type of nonprofit health plan. (AP Photo)

The federal Center for Consumer Information and Insurance Oversight (CCIIO) has provided about $638 million in loans for seven organizations that are trying to set up a new type of nonprofit, member-owned health plan -- a Consumer Operated and Oriented Plan (CO-OP).

One of the best-known CO-OP organizers has been John Morrison, a former Montana insurance commissioner who has helped start the Montana Health Cooperative. Montana Health Cooperative received a $58 million award.

 through the exchange system, it also could sell coverage outside of an exchange, according to officials at CCIIO, the arm of the U.S. Department of Health and Human Services (HHS) responsible for implementing PPACA Section 1322 and many other PPACA provisions.

Program rules forbid for-profit health insurers from creating CO-OP plans or participating in CO-OP
plan governance.

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Nichole Morford

Nichole Morford
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