- 656
So 12 of the 23 co-ops have failed so far. Even with this “help,” any guesses on how many of the remaining co-ops will make it through 2016?
WASHINGTON—An Obama administration official said Thursday the government is taking steps to help health cooperatives set up under the Affordable Care Act remain solvent, while seeking to recoup federal funds from those that failed.
Mr. Slavitt said three-quarters of consumers who were covered by co-ops that failed have now been able to maintain coverage through new plans. He also outlined steps being taken to help ensure the financial health of the surviving organizations, including a financial audit of the remaining co-ops after the end of the current open-enrollment period wraps up Jan. 31.
The agency will hold a March meeting with co-op leaders and others involved regarding a formula that spreads out risk among insurers. That program, known as risk-adjustment, distributes money from plans with healthier and younger enrollees to plans with sicker and older customers.
Obama Administration Works to Fix Health Insurance Co-Ops - WSJ
WASHINGTON—An Obama administration official said Thursday the government is taking steps to help health cooperatives set up under the Affordable Care Act remain solvent, while seeking to recoup federal funds from those that failed.
Mr. Slavitt said three-quarters of consumers who were covered by co-ops that failed have now been able to maintain coverage through new plans. He also outlined steps being taken to help ensure the financial health of the surviving organizations, including a financial audit of the remaining co-ops after the end of the current open-enrollment period wraps up Jan. 31.
The agency will hold a March meeting with co-op leaders and others involved regarding a formula that spreads out risk among insurers. That program, known as risk-adjustment, distributes money from plans with healthier and younger enrollees to plans with sicker and older customers.
Obama Administration Works to Fix Health Insurance Co-Ops - WSJ
