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Ohio becomes 13th ACA co-op to close: 4 things to know

Ohio's co-op is closing, marking the 13th Affordable Care Act co-op of the original 23 co-ops to close, according to Morning Consult.

Here are four things to know:

1. Last week, the Ohio Department of Insurance submitted a request to liquidate Ohio's co-op, InHealth Mutual.

2. With the closing, almost 22,000 state residents will have 60 days to replace their InHealth policy with another company's plan on the federal exchange.

3. The Ohio Director of Insurance and the state's Lieutenant Governor, Mary Taylor, said the state acted within its duty to protect the consumer as the company's financials showed it could not pay future claims if they continued operations.

4. However, Rep. Pat Tiberi (R-Ohio), the chair of the Ways and Means Health Subcommittee, said the co-op's closure is "unacceptable."

"My constituents deserve certainty, not plans that crumble and implode under their own weight," Rep. Tiberi said in a statement. "In the coming weeks, our conference will release our agenda for an innovative and free-market approach for high quality and more affordable care—one that will actually lower costs, increase choice and strengthen healthcare security for seniors and those that need it most."

More articles on coding & billing:
Top Blue Shield of California executives rake in $18.8M — 8 insights into transparency & executive pay
SourceMed, Change Healthcare partner on outpatient medical billing services: 5 key points
Average American family healthcare costs exceed $25k+ — 6 insights

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