Bennet Applauds Announcement of $69 Million Loan for Colorado Health Insurance Cooperative

Bennet Applauds Announcement of $69 Million Loan for Colorado Health Insurance Cooperative

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Bennet%20Applauds%20Announcement%20of%20%2469%20Million%20Loan%20for%20Colorado%20Health%20Insurance%20Cooperative Today the Centers for Medicare amp Medicaid Services CMS announced it has awarded a 69 396 000 loan to Colorado Health Insurance Cooperative Inc CHI in Colorado to launch a new private non profit consumer governed health insurance company called a Consumer Operated and Oriented Plan CO OP The co op will help provide more access to quality care in Colorado especially in rural communities This announcement proves once again that our state is a leader in finding innovative ways to provide quality care while lowering costs rdquo The Colorado Health Insurance Cooperative Inc CHI is sponsored by the Rocky Mountain Farmers Union Educational and Charitable Foundation Inc RMFU Foundation which houses educational and outreach programs and a regional cooperative development center A significant component of CHI rsquo s plan is to create chapters in communities throughout the state in an effort to fully engage members in the business of the CO OP CHI intends to offer benefit plans designed for individuals and employers inside and outside the Colorado Health Benefit Exchange The CO OP is committed to offering a qualified health plan at the Silver and Gold benefit levels in both the individual and Small Business Health Options Program SHOP Exchange markets CHI also plans to offer at least one Value Based Plan VBP in the small group market CHI is planning on marketing its insurance programs on a state wide basis For more information on the CO OP program and recent awardees please visit http www healthcare gov news factsheets 2012 02 coops02212012a html …



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• http://www.bennet.senate.gov/newsroom/press/release/?id=00b2d049-5866-4dac-9761-e276a8c81c25