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View Diary: New Obamacare rules make insurance coverage more transparent (22 comments)

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  •  Health Insurance COOPs (4+ / 0-)
    Recommended by:
    TrueBlueDem, judyms9, gosoxataboy, wader

    One of the treasures buried in the ACA is the concept of Consumer Oriented and Operated Plans (COOPs). The ACA had about $6 billion in it to provide no-interest loans to start up and capitalize consumer-run health care plans in each state to compete on the exchanges with the existing market. Twenty-four COOPs were authorized before the end of 2012.

    The final deadline for applying for a COOP loan was 12/31/12 at 11:59 pm. On 1/2/13 we woke up to find out that COOP loan funding was cut out of the federal budget in the fiscal "cliff" amendments. Any state that didn't have a COOP isn't going to get one, at least not with federal help.

    Let us remember that AIG got a loan of $182 billion. Just sayin'.

    "When you give back all your ill-gotten gains, you're a reformed crook. When you keep most of the loot and only give back a small part of it, you're a philanthropist." - Alfred E. Newman

    by Abstract668 on Wed Jan 09, 2013 at 05:17:56 PM PST

    •  Yeah (1+ / 0-)
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      The fiscal debt deal killed off the nonprofit co-ops that we supposedly got rather than the public option.

      Disgusting (good about the rules discussed in the diary though!)

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