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Don’t Like Your Health Insurance? Make Your Own
The Affordable Care Act hopes to drive expansion of health care co-ops.
ACA loans for health care cooperatives
The ACA funds private, nonprofit health insurers called Consumer Operated and Oriented Plans—CO-OPs. It originally set aside $3.4 billion for low-interest loans—seed money for at least one health cooperative in each state, plus Washington, D.C.
"Start-up loans" cover such development costs as renting office space, developing provider networks or obtaining contracts with existing provider groups, hiring managers, educating members on how co-ops work, and building enrollment. ACA "solvency loans" are intended to help CO-OPs satisfy state monetary reserve requirements for health insurers.
According to the Center for Medicare Services, CO-OP loans could fund cooperatives that operate health care facilities or cooperative insurance that would cover treatment at participating medical organizations.
Interest in CO-OPs has been keen. The healthcare.gov website states that, as of December 21, 2012, 24 nonprofits offering coverage in 24 states have been awarded nearly $2 billion.
MystikMushroom
That's pretty sweet, but unless you had like at least a thousand family members and friends, it would cost way more.
Leave it to Beezer to find the most capitalistic part of the ACA!edit on 11-10-2013 by MystikMushroom because: (no reason given)
MystikMushroom
That's pretty sweet, but unless you had like at least a thousand family members and friends, it would cost way more.
Leave it to Beezer to find the most capitalistic part of the ACA!edit on 11-10-2013 by MystikMushroom because: (no reason given)
sonnny1
reply to post by beezzer
How many members do you think would buy in?
I sure as hell want to see what kind of Doctors we are getting!
watchitburn
reply to post by sonnny1
I'm a nationally registered EMT.
I don't have a stethoscope, but I have duct tape.
watchitburn
I'm a nationally registered EMT.
I don't have a stethoscope, but I have duct tape.
beezzer
watchitburn
reply to post by sonnny1
I'm a nationally registered EMT.
I don't have a stethoscope, but I have duct tape.
DR. Watchitburn!
howmuch4another
I'm in! Beezer you are brill!
I am looking for a way to make this work and it just hasn't been there.
$7000 in medical expenses with a $5000 deduct last year. Premiums for the family are $1200 monthly. my wife and I discussed the math and paying $19,400 for $2000 in benefits made us both facepalm. I would have been better off just paying for services to the tune of $12,000. I'll take the penalty.
I can not fathom any of the younger generations (that Obamacare needs to make this thing pencil) signing up for this at all.