HELENA, Mont. (AP) — A Montana nonprofit group is planning to apply for federal funding to offer a health insurance alternative in the state.
The group includes former state auditor John Morrison. It will apply for a portion of the $3.8 billion set aside in President Barack Obama's health care overhaul for options to large health insurers.
The Montana Health Cooperative would be set up as a co-op, part of the health care overhaul that gives funding for insurance competition.
Morrison told the Lee Newspapers State Bureau the group will try to offer low-cost insurance by 2013 or 2014.
Group members say the plan will initially need 10,000 members to be successful.
The U.S. Health and Human Services Department plans to start accepting applications for start-up funds from prospective co-ops in the coming weeks.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.