PORTLAND, Ore. (AP) — The emerging health care insurance market in Oregon features two startup cooperatives.
They tell The Oregonian they’re hoping to appeal to consumers who’d prefer to do business with smaller, not-for-profit organizations or who support underdogs and alternative, do-it-yourself culture.
In October, Oregon’s Health Co-op and Health Republic will go head to head with about a dozen established insurers. The Cover Oregon marketplace is expected to appeal to small businesses and more than 200,000 individuals.
The co-ops are backed by interest-free federal loans, and the Affordable Care Act is promoting them.
Among their challenges is actually offering lower prices.
A comparison of the Portland individual market posted last week puts them in the middle of the pack of insurers. The state hasn’t yet approved the rates, so they could change.
Information from: The Oregonian, http://www.oregonlive.com
Copyright 2013 The Associated Press.