The U.S. Department of Health and Human Services has released a proposed rule that would implement the Consumer Operated and Oriented Plan (CO-OP) program under Section 1322 of the Patient Protection and Affordable Care Act. The proposed rule would provide loans to foster the creation of consumer-governed, private, nonprofit health insurance issuers to offer qualified health plans in the Affordable Insurance Exchanges. The purpose of the program is to create a new CO-OP in every State in order to expand the number of health plans available in the Exchanges with focus on integrated care and greater plan accountability.
CMS will accept comments on the proposed rule until September 16, 2011.
For additional information, please see the following:
CMS Press Release: NEW PRIVATE NONPROFIT HEALTH PLANS WILL INCREASE COMPETITION, GIVE CONSUMERS AND SMALL BUSINESSES MORE HEALTH INSURANCE CHOICES (7/18/2011)
Patient Protection and Affordable Care Act; Establishment of Consumer Operated and Oriented Plan (CO-OP) Program - Proposed Rule (as published in Federal Register on July 20, 2011)