Fiscal Cliff and Co-operative Heath Care
The “fiscal cliff” agreement rolled back a major component of the Affordable Care Act, According to Politico, “buried in the legislation was a provision to rescind nearly all of the unobligated funding for the health insurance CO-OP loan program.” This was clearly a setback for the over 40 pending applicants who had hoped to create health insurance CO-OPs across the rest of the country. It does not, however, detract from the real progress CO-OPs are already making in 24 states where CO-OPs have already signed low-interest loans and are developing affordable, accountable, member-governed, and non-profit plans.
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