In the aftermath of CoOportunity Health's financial struggle, many consumers switched policies to Wellmark Blue Cross Blue Shield. But Iowa's largest insurer is still working to process insurance cards for its new wave of members.
What exactly contribued to the decline of Iowa's CoOportunity Health's, the nation's second-largest consumer operated and oriented plan?
Just seven days into 2015, Wellmark Blue Cross Blue Shield is already hoping to regain its dominance in Iowa and South Dakota.
The Iowa insurance department has taken control of the consumer operated and oriented CoOportunity Health plan because the insurer has insufficient capital.
Iowa's CoOportunity Health experienced early enrollment success last year, but the company has decided to pull out of the marketplace this year, reports Employee Benefit News. It's the latest in a series of ups and downs for consumer operated and oriented plans.