- To question Centers for Medicare and Medicaid Services (CMS) about factors leading to the failure of over half of Consumer Operated and Oriented Plans (CO-OPs).
- To examine whether the remaining CO-OPs are viable.
- CO-OPs are a type of private nonprofit health insurer established under the Patient Protection and Affordable Care Act (PPACA).
- CMS has awarded $2.4 billion in loans to fund 23 CO-OPs, 12 of which have closed to date.
- Loans to the 12 failed CO-OPs total over $1.2 billion.
- Failed CO-OPs disrupted insurance for approximately 740,000 individuals and small-business employees.
- Over half of the 11 remaining CO-OPs are on Enhanced Oversight Plans (EOPs) and/or Corrective Action Plans (CAPs).
Witnesses and testimonies
|Dr. Mandy Cohen MD, MPH||Chief Operating Officer and Chief of Staff, Centers for Medicare and Medicaid Services||U.S. Department of Health and Human Services||Document|
|Mr. Al Redmer, Jr.||Commissioner||Maryland Insurance Administration||Document|