Montana has secured more than $58 million dollars toward the creation of a new non-profit health insurance agency, the Montana Health Cooperative.
The federal Affordable Care Act of 2009 created the new type of non-profit health insurer, known as Consumer Oriented and Operated Plans (CO-OP).
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The CO-OP program offers low-interest loans to eligible nonprofit groups to help set up and maintain these issuers; to date, a total of seven non-profits offering coverage in eight states have been awarded $638,677,300.
The press release states that Montana has been awarded $58,138,300 for the Montana Health Cooperative, which is "sponsored by a coalition of small businesses and community leaders and plans to add a strong primary care capacity to Montana's rural and medically underserved communities. Montana Health Cooperative will provide health insurance coverage statewide."
http://www.krtv.com/news/montana-secures-58m-for-new-non-profit-health-insurance-agency-/
Hat tip: KRTV
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