Nonprofit CO-OP Health Plan Approved-Good News for Connecticut

News today that a proposed consumer operated and oriented plan (CO-OP) in Connecticut has been approved by the federal government and will receive a $75.8 million federal loan is a big win for the people of the state.   The CO-OP,  known as HealthyCT and sponsored by Connecticut State Medical Society and CSMS-IPA, a statewide independent practice association, expects to be a new entrant into Connecticut’s insurance market offered  inside and outside the state’s new Health Insurance Exchange in 2014.

At last, Connecticut will have a nonprofit, locally based insurance option to offer individuals, families and small businesses.  Universal  Health Care Foundation of Connecticut is among the organizations that  supported HealthyCT’s CO-OP application.  The Foundation took an in-depth look at the need for more locally-based, nonprofit insurers in the Connecticut market in the May 31st blog post on The Square.

For updates, visit  HealthyCT on Facebook.

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One Response to Nonprofit CO-OP Health Plan Approved-Good News for Connecticut

  1. Pingback: Where’s the Value? | Universal Health Care Foundation of CT

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