{"id":3284,"date":"2019-10-18T15:13:04","date_gmt":"2019-10-18T15:13:04","guid":{"rendered":"http:\/\/www.www.idahoinsuranceagency.com\/?p=3284"},"modified":"2023-07-20T18:14:35","modified_gmt":"2023-07-20T18:14:35","slug":"two-state-health-care-co-ops-going-under","status":"publish","type":"post","link":"https:\/\/www.idahoinsuranceagency.com\/two-state-health-care-co-ops-going-under\/","title":{"rendered":"Two State Health Care Co-Ops Going Under"},"content":{"rendered":"<p>State regulators have concluded that \u201cthe financial health of Connecticut\u2019s nonprofit health care co-op [is] unstable.\u201d So, about 40,000 members will lose their health coverage on January 1, 2017.<\/p>\n<div class=\"paragraph\">\n<div class=\"paragraph\">\n<p>State officials issued an order of supervision to HealthyCT on Tuesday \u201cafter it became clear a new federal requirement for the provider to pay $13.4 million would leave its finances in disarray.\u201d The co-op is required to pay that amount as part of the Affordable Care Act\u2019s risk corridor program.<\/p>\n<p>HealthyCT members will continue to be covered through the end of 2016, but they must select new plans for coverage starting on January 1, 2017.<\/p>\n<p>Meanwhile, the collapse of Utah\u2019s nonprofit insurance cooperative is leaving Utah hospitals with millions in unpaid claims.<\/p>\n<p>Arches Mutual Insurance Co. owes $33 million that the Utah Department of Insurance says will likely remain unpaid until 2017.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>State regulators have concluded that \u201cthe financial health of Connecticut\u2019s nonprofit health care co-op [is] unstable.\u201d So, about 40,000 members will lose their health coverage on January 1, 2017. State officials issued an order of supervision to HealthyCT on Tuesday \u201cafter it became clear a new federal requirement for the provider to pay $13.4 million [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[18],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Two State Health Care Co-Ops Going Under - Idaho Insurance Agency<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.idahoinsuranceagency.com\/two-state-health-care-co-ops-going-under\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two State Health Care Co-Ops Going Under - Idaho Insurance Agency\" \/>\n<meta property=\"og:description\" content=\"State regulators have concluded that \u201cthe financial health of Connecticut\u2019s nonprofit health care co-op [is] unstable.\u201d So, about 40,000 members will lose their health coverage on January 1, 2017. 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