A trade group for co-ops says the nonprofit, member-owned plans are helping to hold down coverage prices in their markets.

The National Alliance of State Health Co-ops says its 23 member plans now have 400,000 enrollees — up from none on Sept. 30, before open enrollment began.

PPACA drafters created the Consumer Operated and Oriented Plan program to try to increase the level of competition in the commercial health insurance market. Co-ops are supposed to sell coverage through the exchanges mainly in the individual or small-group markets.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Allison Bell

Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.