Colorado health co-op calls it quits

Colorado health co-op calls it quits
Local News

By Randy Wyrick

The region’s lowest-cost health insurance carrier has breathed its last gasp.Colorado HealthOP did not receive more than $14 million in federal funding it says it had been promised, and is being forced into insolvency by federal and state agencies. HealthOP is the seventh state co-op to collapse across the nation.That leaves more than 7,000 policyholders in Eagle, Garfield, Pitkin and Summit counties – and 83,000 across Colorado – with new insurance to buy before the end of the year.As long as clients pay their premiums, their claims will also be paid, said HealthOP CEO Julia Hutchins.The co-op accounted for 40 …

Source:: Vail Daily Feed