Tag:
consumer operated and oriented plans (CO-OP)
Latest Headlines
Latest Headlines
Big insurers fear that CO-OPs have unfair competitive advantage in market
Dominant insurers worry that consumer operated and oriented plans have an unfair advantage over their competition in healthcare markets, especially because they're receiving millions in federal funding to operate their business.
Colorado CO-OP shows how nonprofit insurers are disrupting markets
The consumer operated and oriented plan (CO-OP) in Colorado exemplifies how the nonprofit insurers are disrupting health insurance markets across the country: It enrolled 14,000 members last year, primarily by undercutting the lowest prices for plans sold on the state's health insurance exchange. And the CO-OP has lowered its exchange plan premiums by an average of 10 percent for the second enrollment period that began this week, reported the Denver Post.
Start up, CO-OP insurers are expanding into new markets
The competition continues to heat up within the insurance industry and the health insurance exchanges as start-up companies and consumer oriented and operated plans (CO-OPs) are doing so well that they're expanding into new markets.
WellPoint, Blues plans big winners among exchange shoppers
WellPoint and many Blue Cross Blue Shield plans took an aggressive approach to participating in the health insurance exchanges--and it paid off. In 12 of the 15 states with exchange information available, WellPoint and Blues plans dominated the marketplaces last year, according to a new study from Avalere Health.
How Arches Health Plan drives innovation
In the 21 months since Arches Health Plan--one of the 24 consumer oriented and operated plans (CO-OP)--received funding, the company already has taken steps that could send changes throughout the...
CO-OPs attain lopsided success
The nation's 23 nonprofit CO-OPs created by the Affordable Care Act have an uneven track record as the enrollment deadline for individual plans approaches, The New York Times reported, with price emerging as a determinant of success.
Are CO-OPs doomed to fail?
Of the 24 consumer oriented and operated plans now open for business, one has closed, another is struggling and at least nine other startup insurance companies are projected to have financial problems, The Washington Post reported
CO-OPs adjust business plans after exchange problems
Few insurers have as much to gain--or lose--by the success of the health insurance exchanges than consumer oriented and operated plans (CO-OPs). As the newcomers to the health insurance industry, they need the online marketplaces to recruit members and build their business.
CO-OPs aim to transform health insurance business
Twenty-four start-up companies hope to compete alongside big insurers when the health insurance exchanges open on Oct. 1. But these consumer oriented and operated plans (CO-OPs) created under the reform law also aim for even bigger goals, namely changing the health insurance business.
Report: Exchanges will breed insurer competition
Health insurance exchanges will likely create "fairly competitive" marketplaces as insurers vie for consumers, says a new report from the Robert Wood Johnson Foundation.