• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Health / Medicine / Iowa Insurance Commissioner named ‘rehabilitator’ of CoOportunity Health

Iowa Insurance Commissioner named ‘rehabilitator’ of CoOportunity Health

December 24, 2014 By O. Kay Henderson

The state insurance commissioner has taken over a co-op that was financed by the Affordable Care Act to provide another health insurance option to Iowans.

Iowa Insurance Commissioner Nick Gerhart went to court Tuesday and got a judge’s order that places him in the role of “rehabilitator” of CoOportunity Health. The cooperative did not resist the move after Gerhart cited concerns about the coop’s finances.

Because of the judge’s order, CoOportunity Health is no longer offering insurance policies to Iowans through the federal Health Insurance Marketplace for 2015. CoOportunity Health began selling policies in 2013 and was financed by federal loan guarantees, but the coop currently doesn’t have enough cash and assets.

Iowans who signed up for coverage through CoOportunity will likely switch to other carriers by mid-February, when the latest enrollment period for Affordable Care Act insurance subsidies ends. About 120,000 people in Iowa and Nebraska had signed up for health care coverage from CoOportunity Health.

Share this:

  • Facebook
  • Twitter

Filed Under: Health / Medicine, News, Politics / Govt Tagged With: Insurance

Featured Stories

Exhibit features lesser known works of Grant Wood

Testing finds 21 new CWD cases in deer

It may become a crime in Iowa to use fake urine in workplace drug tests

February trending 18 degrees below average temperature

Iowa House Education Committee votes to end tenure at UI, ISU, UNI

TwitterFacebook
Tweets by RadioIowa

Iowa’s Jack Nunge lost for the season

Key stretch begins for #9 Iowa

Drake’s Roman Penn lost for the season

Drake’s DeVries named to Naismith watch list

State wrestling opens with limited attendance

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC