Insurers Should Learn From CoOportunity Health Collapse

Law360, New York (March 18, 2015, 12:39 PM EDT) -- After becoming subject to rehabilitation in Iowa and losing its insurance license in Nebraska only a couple of months earlier, CoOportunity Health was ordered into liquidation on March 2, 2015. The liquidation of CoOportunity marks the end of an insurance company that was licensed barely two years ago. While CoOportunity's collapse has received media attention for being a failed Consumer Operated and Oriented Plan ("CO-OP") under a program established by the Affordable Care Act, its failure is a cautionary tale not only for CO-OPs operating in other states but also for all insurers.

The Consumer Operated and Oriented Plan Program...

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