Remember the Co-Ops? Overlooked Plan Raises Questions

Remember the Co-Ops? Overlooked Plan Raises Questions

Two years after lawmakers and activists battled over the fate of the public option, its erstwhile replacement -- a plan to create health cooperatives -- was finally unveiled last month.

Progressives didn’t want them. Conservatives called it a Trojan horse proposal. Policy wonks scoffed that they’d never be workable.

But two years after Sen. Kent Conrad (D-N.D.) floated “health cooperatives” as a replacement for the public option — roiling the nation’s health reform debate in the process — CMS in July finally unveiled its $3.8 billion CO-OP program.

Given all the handwringing in 2009, what’s Capitol Hill’s reaction today? Nary a peep.

To be fair, the co-op announcement — like nearly everything in D.C. last month — was overshadowed by congressional deficit negotiations. Co-ops also don’t inspire the same political reaction as they once did. The furor over Conrad’s proposal receded as the reform debate progressed, and elements of health reform like the individual mandate and the Independent Payment Advisory Board draw critics’ scrutiny today.

Amid the muted reception, CMS has touted the CO-OP program as a necessary reform to boost competition and strengthen “the voices of consumers in the health care market.”

Yet in the actual marketplace, it’s hard to find many cheerleaders for co-ops. Instead, policy experts and industry insiders’ take generally ranges from cautious optimism to deep pessimism.

“If I was on Congress’ new ‘Super Committee’ looking at deficit reduction, [the CO-OP program] is the first $3.8 billion that I would take back,” health care consultant Bob Laszewski told California Healthline.

Rural Tradition May Have Sparked Model

While Conrad may have conceived co-ops as a political fix, the model enjoys a proud tradition in the U.S. marketplace, and not just in health care. Tim Jost, a law professor at Washington & Lee University, points out that he’s a member of three co-ops in rural Virginia — a credit union, a grocery store and electricity provider — and shops at a fourth.

The model is “big out in rural America,” Jost told California Healthline, and widespread in the Midwest, which may have inspired Conrad, as North Dakota’s senior senator. Further west, about 10 million Californians are members of the state’s own slew of co-operatives, from agriculture to medical marijuana.

Rural patients, with their slew of chronic health issues and limited access to care, could disproportionately benefit from co-ops. Back in March, the California Medical Association noted that co-ops “will be attractive” to many Golden State physicians and patients, partly because co-ops “may be the only entities truly interested in insuring and serving their local rural residents.”

But converting a political idea into an operational program often results in unexpected hurdles — and co-ops face their share of complications.

Funding Details Assume Some Failures

For starters, the CO-OP program is essentially written to support about one new co-op per state; CMS officials project that the $3.8 billion pool can fund 57 plans. For an initiative designed to encourage innovation, this limits the actual range of models and has puzzled some experts.

Meanwhile, CMS’ plan to disperse funds also acknowledges that more than one-third of the co-ops may fail in the next 15 years. The agency has set aside $600 million in loans for start-up costs and $3.2 billion to help the plans stay solvent, but estimates a 40% default rate for the planning loans and a 35% default rate for the solvency loans.

To ensure that only the most promising would-be plans get federal funding, Richard Popper, director of the Office of Insurance Programs at CMS, said that co-ops will qualify for start-up loans if CMS determines that they have a high probability of becoming financially viable.

Steve Larsen, who heads CMS’ Center for Consumer Information and Insurance Oversight, noted that initial loans are expected to be repaid in five years — a very quick turnaround, Laszewski points out, for start-up firms that are entering a competitive market.

Challenge of Entering a Mature Market …

Laszewski has been deeply critical of the reform law’s CO-OP provision since it was first introduced and the new program details only add to his skepticism. “The deck is stacked against anyone who tries to do this,” he warned. “They’re going to be competing against players with enormous capital, management advantages” and are required to serve the riskiest population — individual customers and small businesses — he added.

Despite the hurdles, CMS and co-op advocates say that there’s widespread interest in the model. Groups in at least fifteen states are moving forward with plans to apply for co-ops, according to the chair of the National Alliance of State Health Co-Ops, which could ultimately insure millions of Americans.

Laszewski — who heads Health Plan and Strategy Associates, a consulting firm — instead thinks that the CO-OP program will have one major beneficiary: the health care consulting industry.

Consultants will be happy to help altruistic groups seeking start-up support, he warned, but at the end of the day “they’re like the guy who drilled the oil well: whether or not they struck oil, they always made money.”

Another cautionary note: No one’s tried to launch co-ops on this scale in decades.

Jost noted that advocates of the CO-OP program tend to cite prominent cooperatives, like Group Health, but their successes doesn’t reveal much about prospects for the new co-ops.

“Forty years ago, a co-op didn’t have to build a provider network,” Jost explained. The dominant models were based on “indemnity and fee-for-service payments,” he added, making it tough to draw comparisons to today’s consolidated, highly managed market.

… but Opportunity To Vary Prices, Options

Still, every individual state’s market is different, and some aren’t that competitive. For example, residents of Maine can pick between just a handful of less-than-attractive health insurance plans, according to Jost. In that scenario, residents could welcome an alternative — any alternative.

The co-ops also must be not-for-profit, which could allow them to underprice the premium rates offered by commercial plans that need to make a profit, Jost added.

That’s exactly what a Maryland-based group called The Evergreen Project is hoping to do. “We actually think we can bring [premium prices] … under Aetna and Coventry,” one of the prospective co-op’s founders told Kaiser Health News.

A would-be Montana co-op also is recruiting prospective board members with “extensive experience” in the insurance industry.

Looking Ahead

For a plan that critics warned would lead to a takeover of health care, co-ops may actually need to be nurtured along. Other reform-inspired initiatives to help consumers have underwhelmed.

For example, the government’s new pre-existing condition plans have been non-starters despite high hopes. As of May 31, less than 25,000 U.S. residents had enrolled in PCIPs, well below initial projections that the plans would attract 375,000 people within their first year.

The CO-OP program is clearly different from the high-risk pool initiative, but it, too, may require lower expectations to succeed.

Most importantly, “insurance markets sorely need competition,” Jost concluded, and he and others are waiting to see if co-ops can inject the necessary spark.

Here’s what else is making news in health care reform.

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Inside the Industry

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Rolling Out Reform

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