health cooperative Archives - DesignHealth Benefit Advisors

More Co-Ops Go Flop

November 10, 2015 / Design Health / All Posts, Health Insurance, In The News

Last week a webinar was given by several well informed professionals on the Affordable Care Act and the topic at hand, co-op shut downs. We are 8 down and counting stated Scott Harrington, Wharton School at UPenn Professor of Health Care Management, echoing the sentiments of the other panelists. After several more health co-ops have shut their doors just before the opening of the 2016 enrollment period one can’t help but say who is next. Many of the cooperatives seemed to fail before they even started, but with the prospect of true governmental help they could have survived. As stated during the […]

Colorado Health Op In Jeopardy

October 6, 2015 / Design Health / All Posts, Health Insurance, In The News

Just a few days after it looked like Colorado Health Op was in the clear and moving ahead with a bright future news broke that stated the opposite. The problem with this potential closing isn’t due to the cooperative being managed wrong. This is due entirely to the Affordable Care Act (ACA) not upholding their end of the law. When the healthcare cooperatives were created there were three plans that gave the cooperative money to help them on their feet and make their way into a very competitive healthcare market. One of those plans is called the “risk corridor” and

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A Health Co-Op Doing It Right

October 4, 2015 / Design Health / All Posts, Health Insurance, In The News

With news revolving around health co-ops that are closing their doors at the end of this year it’s nice to hear about one that are confident about keeping their doors open. U.S. Sen. Cory Gardner asked, “Has Colorado HealthOp been meeting its application projections, or has it been placed on boosted oversight by your agency?” A rather poignant questions, but one that has to be asked as yet another co-op in New York is ordered to stop writing new business and close its doors after current policies expire. A nice reprieve to the constant news of co-ops closing was Colorado HealthOp’s

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Another Health Cooperative Bites the Dust

August 9, 2015 / Design Health / All Posts, Health Insurance, In The News

When the ACA passed in 2010 it included the creation of state based co-op’s. With very few choices in the marketplace 23 states created their own co-op giving a reprieve to consumers hoping to pay lower costs. Each of the co-op’s are start-up companies and are having to hedge their way in a market with several large carriers that have decades of market presence. Many of the co-ops have come in with lower costs to gain high enrollment for the first few years of opening the doors. A strategy that has worked against several co-op’s like Louisiana’s Health Cooperative (LAHC) which

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