On August 3, 2011, Barnes & Thornburg’s Healthcare Department issued an Alert that contains information on provider-sponsored CO-OP programs and the $3.8 billion in CO-OP loans that will be available under the Patient Protection and Affordable Care Act (PPACA).
According to a recently released Federal Opportunity Announcement (FOA), the Center for Medicare and Medicaid Services (CMS) will begin accepting applications for CO-OP Start-Up Loans and Solvency Loans on Oct. 17, 2011. The CO-OP program will dispense $3.8 billion in Start-Up Loans and Solvency Loans to providers and buyers who sponsor new insurers regionally.
The FOA is subject to change pending the CO-OP final rule. Comments on the proposed CO-OP rule are due on Sept. 16, 2011.
The Alert can be accessed at the following location: www.btlaw.com/healthcare-alert---us-announces-process-for-38b-in-co-op-funds-08-03-2011/