Reg­u­la­tions es­tab­lish CO-OP loan pro­gram

Modern Healthcare - - LATE NEWS -

HHS is­sued fi­nal reg­u­la­tions that im­ple­ment the Consumer Op­er­ated and Ori­ented Plan, or CO-OP, which will pro­vide loans for cre­at­ing consumer-gov­erned, pri­vate, not-for-profit health in­sur­ance is­suers that will of­fer qual­i­fied health ben­e­fits through state health in­sur­ance ex­changes. HHS said the pro­gram’s goal is to es­tab­lish a new CO-OP in ev­ery state to help ex­pand the num­ber of health plans that are avail­able in the ex­changes. The Pa­tient Pro­tec­tion and Af­ford­able Care Act al­lows for fund­ing of mul­ti­ple CO-OPS in any state, as long as there is suf­fi­cient fund­ing for at least one CO-OP in each state. HHS ap­pro­pri­ated a to­tal of $3.8 bil­lion for the pro­gram. The fi­nal reg­u­la­tions out­line the el­i­gi­bil­ity stan­dards that or­ga­ni­za­tions must meet to par­tic­i­pate in the pro­gram, and they es­tab­lish terms for the loans. “While NASHCO is still re­view­ing the rule’s de­tails, we are pleased with them in gen­eral,” John Mor­ri­son, chair­man of the National Al­liance of State Health Co­op­er­a­tives, said in a pre­pared state­ment. The group was formed to pro­mote the de­vel­op­ment of state-based health co­op­er­a­tives. “They rep­re­sent both op­por­tu­nity and ac­count­abil­ity for this im­por­tant new in­dus­try,” he said.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.