health insurance cooperative News

Massachusetts, New Hampshire Nonprofit Insurer Sues Over Federal Assessment

A nonprofit health insurer with 25,000 customers in Massachusetts and New Hampshire has filed a federal lawsuit claiming it is being illegally punished for offering lower-cost products. Under the Affordable Care Act’s risk adjustment program, insurers with healthier customers make …

New Hampshire, Maine Monitoring Struggling Health Insurance Co-Op

New Hampshire insurance regulators are working with their counterparts in Maine to monitor a financially struggling health insurance cooperative that serves both states. Community Health Options, based in Lewiston, Maine, was the only cooperative in the country to make money …

Maine’s Nonprofit Health Insurer Sets Aside $43M to Cover Potential Losses

The lone health insurance cooperative to make money in 2014 on the Affordable Care Act’s public insurance exchanges saw big losses in 2015 and is now setting aside $43 million to cover possible big losses this year. Officials with the …

Once Profitable, Maine’s Community Health Option Is Now Losing Millions

The lone health insurance cooperative to make money last year on the Affordable Care Act’s public insurance exchanges is now losing millions and suspending individual enrollment for 2016. Maine’s Community Health Options lost more than $17 million in the first …