Nonprofit gets $62M to establish insurance plan

Maine Community Health Options has received $62.1 million in federal financing to develop a nonprofit Consumer Operated and Oriented Plan, a new type of insurer model created by the Affordable Care Act. The Centers for Medicare and Medicaid Services announced the award yesterday.
Similar to a mutual insurance company, CO-OPs are run by their customers and intended to offer consumer-friendly, affordable health insurance options to individuals and ...