Managers of Kentucky Health Cooperative Inc., a nonprofit, member-owned health insurer based in Louisville, say the company will shut down at the end of the year.
Organizers used $146 million in loans from the Consumer Operated and Oriented Plan (CO-OP) program, a Patient Protection and Affordable Care Act program, to start the insurer.
The U.S. Department of Health and Human Services announced last week that another new PPACA program, the risk corridors program, may be able to provide less than 13 percent of the payments the program was supposed to send health insurers for 2014.
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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.
