Tag: insurance co-op

Second Oregon health insurance co-op facing liquidation

H. Cutner
Oregon Health Insurance technology

The market in the State is continuing to experience a shakeup as a nonprofit insurer must liquidate assets. For the second time, an Oregon health insurance co-op has received a receivership order. This started last week and will now be sending Health Co-op assets into liquidation after facing notable financial struggles. The insurance company was a nonprofit and was consumer-operated, created under the ACA. The Oregon health insurance company’s board of directors voted on Friday. Their decision was to consent to the receivership order from state regulators. This takes the…

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Insurance co-op in Oregon shutting down

G. Turner
Oregon Health Insurance technology

The state is losing a cooperative from its 2016 marketplace, as it has started a “wind down of business”. An Oregon insurance co-op is now stepping out of the state’s health plan market for next year as it has entered into a “wind down of business”, claiming that the recent announcement from the government that it will honor only 12.6 percent of the risk corridor payment of insurers is to blame. This withdrawal of the co-op will mean that there will be 15,000 members in the state without coverage. The…

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22 health insurance co-ops are in danger of financial collapse

Logan B.
covered care open enrollment

Insurance co-ops are in danger in several states Troubling signs of potential financial collapse are being seen in 22 health insurance co-ops established through the Affordable Care Act. A co-op is a non-profit organization through which the same people that own the organization also receive insurance coverage from the organization itself. These organizations tend to be member-run, making them a source of competition for conventional insurance providers that operate a for-profit businesses. Analysis shows that co-ops are experiencing accelerated net losses According to analysis from the Daily Caller News Foundation…

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Insurance news in Iowa reveals struggles as state takes over co-op

G. Turner
Iowa stopgap health insurance plan

CoOportunity Health was established under the Affordable Care Act, but it has found itself in financial calamity. A young health insurer in Iowa, CoOportunity Health, which was established under the Affordable Care Act, is now making insurance news as it has been taken over by the state due to considerable financial struggles. The health insurance division of the state has now had to step in as a result of the co-op’s money woes. The insurance news had originally appeared promising for CoOportunity Health, as it had been established as an…

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