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Non profit to offer health insurance

Tue, 25 Dec 2012 04:35:01 CST
By: AP

Illinois Governor Pat Quinn is welcoming the news that a nonprofit organization plans to offer health insurance in the state starting in 2014. The new nonprofit, called Land of Lincoln Health, announced last week it is applying for a state license and has received a $160 million federal loan to begin operations. Quinn calls the announcement "another positive step to provide the people of Illinois more choices" in health care.   President Barack Obama's health care overhaul law created a category of insurance carriers called Consumer Operated and Oriented Plans, or "co-ops." Land of Lincoln Health was incorporated by the Metropolitan Chicago Healthcare Council. It's the first co-op in Illinois to receive approval from the US Department of Health and Human Services.

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