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Startup Health Insurance CO-OP Collapses In Iowa
National Public Radio [NPR] Jan. 14, 2015
"CoOportunity Health was the second largest co-op in the country in terms of membership, and one of the largest in terms of the federal funding it received.... The largest insurer by far in the state was and still is Wellmark. But Wellmark decided not to offer any plans on Iowa's health exchange, leaving just CoOportunity and one other insurer -- Coventry -- offering plans on the exchange throughout the state.... Not only were the patients sicker, but CoOportunity's leaders initially thought they would enroll about 12,000 people in Iowa and Nebraska. They got about ten times that[.]"
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