After a tough first year, Arizona’s member-operated healthinsurance co-op is attracting droves of new members.
According to figures provided by the co-op, Meritus, thenonprofit insurer now covers 56,000 Arizonans, 28 percent of thetotal covered by plans on the federal exchange created by thePatient Protection and Affordable Care Act in Arizona.
A numberof co-ops in different states were created in the wakeof the PPACA, financed by federal loans. The results have beenmixed. While a co-op created in New York enrolled fives times itstarget membership, most of the new insurers fell short of theirprojections. As a result, some of them simply didn't have enoughmoney to cover claims.
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