CoOportunity Health was officially founded in February 2012, when approval and funding were received from the Centers for Medicare & Medicaid Services (CMS). The federal government provided CoOportunity Health a solid financial foundation with $112.6 million in very low-interest loans: $14.7 million in start-up dollars to assist with activities associated with developing the CO-OP and $98 million to ensure the company’s solvency.
The start-up loan must be repaid in five years and the solvency loan must be repaid, with interest, 15 years from the date of disbursement. Read our financial white paper on funding and structure. After expenses are paid and reserves are set aside, surplus earnings are to be returned to members in the form of lower rates or better benefits.
Financial Reports