NASHCO Statement on InHealth Mutual

May 27, 2016

 

WASHINGTON, DC – Kelly Crowe, CEO of the National Alliance of State Health CO-OPs, made the following statement regarding the Ohio Department of Insurance taking control over InHealth Mutual:

 

“As the news out of Ohio further illustrates, health insurance is a challenging business. Over the last year it’s been shown that some CO-OPs were not adequately funded and did not have the same vast reserves as existing insurers to be able to weather their first years as start ups. Combined with the ongoing challenges of the risk stabilization programs, CO-OPs and other new, small, and fast growing insurers are operating in a very tough environment.”

 

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