Small Health Insurance Co-Ops Seeing Early Success

Small Health Insurance Co-Ops Seeing Early Success

Many of us know the names of some of the big U.S. health insurance companies — like Blue Cross, Aetna and Wellpoint. But what about CoOportunity Health, or Health Republic Insurance of New York? These are among 23 new companies started under the Affordable Care Act. They’re all nonprofit, member-owned insurance cooperatives that were begun, in part, to create more competition and drive prices down.

The co-ops’ rollout was funded almost entirely by federal government loans. Initial enrollment numbers for many look pretty good — but that may not be enough to make co-ops successful.

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