NASHCO Updates on Health Insurance CO-OPs Enrollment
More than 1 million people have enrolled in CO-OP health insurance plans, the
In a release, the group noted that as of
"Health insurance CO-OPs have built on their significant early progress, and the proof is in the large increase in the number of lives they are now covering," said Dr.
NASHCO said that for the second year in a row, average premium rates in states with CO-OPs are lower than those without CO-OPs. For 2015, an analysis of the second-lowest cost silver plans in major cities in each state found average premium rates in CO-OP states fell by 1.9 percent since 2014, while average premium rates in non- CO-OP states rose by 1.5 percent. The same analysis showed the average monthly premium difference between CO-OP and non-CO-OP states had increased to 12 percent.
A similar analysis from 2014 showed CO-OP states with 8-9 percent lower premiums than non-CO-OP states. These figures suggest that the competition created by the mere presence of a CO-OP is leading to lower premium rates, resulting in savings for premium holders and taxpayers alike.
The group reported that CO-OPs are also making a real impact on innovation -- another one of their intended purposes. CO-OPs are taking unique and individualized approaches to truly shake up the health insurance landscape. These include new payment models, the use of patient centered medical homes, and a real focus on combating behavioral health and chronic disease. Long before
The aggregate enrollment figure is based on data compiled from member CO-OPs by the
Based in
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