Ongoing problems with the Affordable Care Act risk-adjustment programhave pushed two of the last remaining Consumer Oriented and Operated Program carriersinto receivership.
The Maryland Insurance Administration has put Evergreen HealthInc. into receivership and, apparently, given up on the idea thatinvestors might buy its assets. That CO-OP carrier has about 25,000enrollees.
The Massachusetts Division of Insurance has put MinutemanHealth, a CO-OP that does business in Massachusetts and NewHampshire, into receivership, but left open the possibility thatTom Policelli, the company's chief executive officer, might find away to re-organize the company outside the restrictions of theCO-OP system.
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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.
