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CMS releases proposed insurance co-op rules
Modern Healthcare

Proposed rules governing the creation of co-ops, or private not-for-profit insurers created by Patient Protection and Affordable Care Act, were issued Monday by the CMS. The proposed co-ops will be funded through $3.8 billion in government loans and governed by consumers, according to the proposed rules (PDF). Co-ops would qualify for start-up loans if they have a high probability of becoming financially viable, which the CMS will determine based on evaluations of their legal, operational and business plans, according to Richard Popper, director of the Office of Insurance Programs at the CMS.