The Obama administration has acknowledged the problems that ledto the failure of many of the health insuranceco-ops that were set up as part of the PatientProtection and Affordable Care Act, and it’s taking steps to makesure the remaining co-ops don’t meet the same fate.
In particular, the administration hopes to get back some of the$1.17 billion that it loaned to the nonprofit insurers thatshuttered. It hopes to divert that money to those that are stilloperating.
Andy Slavitt, acting administrator for the Centers for Medicareand Medicaid Services, told a Senate committee last week that theagency was conducting diligent reviews of the co-ops finances, andthat more than three-quarters of those who had been enrolled in aco-op plan that failed had been ableto find a new insurance plan.
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