Consumer Operated and Oriented Plan

Description

Obamacare created the Consumer Operated and Oriented Plan (CO-OP) program which was designed to foster non-profit, consumer-run health insurance plans (CO-OPs). The program does this by making $6 billion dollars in loans available to the CO-OPs to be used toward start-up costs and to create reserves to ensure plan solvency. The program's $6 billion budget was cut to $3.8 billion dollars during the 2011 congressional budget negotiations.

HHS expects one-third of loans to consumer-run insurance plans to default
Obamacare program asks for billions more while expecting to lose $3.1 billion; Congress investigates
CO-OP recipient of $66 million of Obamacare funds not registered with state
HHS has some explaining to do on unregistered $66 million CO-OP grant awardee
Internal HHS Document: "Hospitality Health CO-OP" incorporated in Delaware--Search of Delaware site shows CO-OP must have a different name

Regulations

Establishment of Consumer Operated and Oriented Plan Program
Establishment of the Consumer Operated and Oriented Plan (CO-OP) Advisory Board
Application for Recognition as a 501(c)(29) Organization