Health Care Cooperatives
Health Care Cooperatives
Here at Coop.org we have started to reach out to some of these health organizations, as we would like to be a channel to grow this sector and help with outreach. From speaking to a few organizations, it is clear they are just getting going, and figuring out systems, networks, and other countless details for making a the health care cooperative a reality. Throughout speaking to folks, it is also clear that some if not many organizations applied for the loan money but only a some were selected. I am unclear what the basis is for approval for funds, and or denial. Also not sure if there is some lottery system in place. If you know more about, please post a comment. Here is a bit more about what we do know about Health Care Cooperative.
Health insurers will be run by their customers and will be designed to offer coverage to individuals and small businesses.
More than $340 million — was allocated to serve independent contractors that are a growing segment of the workforce.
The co-ops will compete in these state-run insurance exchanges, although co-op backers said they do not yet know the cost of premiums when the program will be formally unveiled in late 2013. Initially, they expect to compete for a small share of the overall health insurance market.
The new federal awards were announced for co-ops serving Montana, Iowa, Nebraska, New Jersey, New Mexico, New York, Oregon and Wisconsin.
Loans will be given over time as they meet benchmarks for setting up claims processes, provider relationships, disease management and other cost-control efforts.
The federal government said it will be rolling out awards to co-ops in other states as more applications are processed.
Some individuals and small business owners helping with the formation of the cooperatives said they believe the new operations will help reduce one of their most worrisome costs.
*Are you an expert in this field? If so, please share your knowledge. Contribute related articles to coop.org , help educate the public on the ins and outs of Health Care Cooperatives.
Submitted by Kenny Bavoso of Coop.org
