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Montana Health Co-op, a new health insurer, to get $58M federal start-up loan

The fledgling Montana Health Cooperative http://www.mhc.coop/ on Tuesday became one of the first co-ops in the nation to win a federal loan, which will provide $58 million toward setting up the new, member-owned health insurer for Montana individuals and businesses.

"We hope to be an attractive health coverage alternative for as many Montanans as possible," co-op board member and former State Auditor John Morrison said at a Capitol news conference announcing the award. "We hope to make a significant difference in terms of providing an option."

Federal officials Tuesday unveiled the awarding of loans totaling $639 million to seven proposed co-ops, which are supposed to be up and running by 2014.

By MIKE DENNISON Gazette State Bureau

Full Story: http://billingsgazette.com/news/state-and-regional/montana/montana-health-co-op-a-new-health-insurer-to-get/article_4fbd27d6-c589-5a60-8427-5f4315e45fbc.html

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