The CO-OP has five years to repay its startup loans and 15 years to repay the solvency loans to the federal government, regardless of whether it gets off the ground.
The revised application lowers rates, adjusts the board makeup and makes other changes in urging a new review of its plans to provide health insurance in Vermont.
Commissioner says application for inclusion in health care exchange cannot be reopened.
State regulators concerned about high premium costs, possible management conflicts.
FOR IMMEDIATE RELEASE February 4, 2011 CONTACT: Dean G. Mudgett, Information Policy & Programs Chief Department of Banking, Insurance Securities & Health Care Administration [phone] 802-828-4872[fax] 802-828-2896 Montpelier, VT – The Vermont Department of Banking, Insurance, Securities and Health Care Administration (BISHCA) announced today that Susan Donegan will be joining the Department as Deputy Commissioner […]