The Centers for Medicare & Medicaid Services is accepting loan applications to foster the creation of member-governed non-profit health plans under the Patient Protection and Affordable Care Act. The ACA provided $3.8 billion for loans to capitalize the Consumer Operated and Oriented Plans (CO-OPs).
Private nonprofit member organizations can apply for the first round of loans through Oct. 17. Future applications will be accepted quarterly through 2012.
The agency is planning an Aug. 10 teleconference to provide more information on the funding opportunity. Last week, the Department of Health and Human Services released a proposed rule establishing the CO-OP program, which will sell the non-profit health plans through state insurance exchanges serving the individual and small group markets.
[ via AHA News Now ]