Consumers Invited to take control of the Health Insurance Company Colorado Health Insurance CO-OP Open Board Applications Denver, CO, May 20, 2014 - Colorado HealthOP first statewide health insurance Colorado CO-OP has initiated a significant change in the way insurance companies are run, the introduction of more Member Control in a sector that has historically had very little. The cooperative announced today that it is now accepting applications for its board of directors, inviting nearly 14,000 of its new Colorado members running for a seat. The board of directors is elected by members of the cooperative, and at least 80 percent of the board will consist of members of the cooperative before the end of 2015. The members of the Board shall have the formal authority of decisions to initiate CO- OP changes that will benefit all members of the cooperative. Because Colorado HealthOP is controlled by our members, and not by external investors, the CO-OP will become what our members want and need it - health insurance that focuses on improving the health of our members and the health of the communities we serve, - said Julia Hutchins, CEO of Colorado HealthOP. In this pioneering model of governance of the members, board members of Colorado HealthOP be responsible for ensuring that the interests of members are reflected in the decisions and actions of the cooperative, with the ultimate goal of reducing costs and providing coverage more efficient and valuable to members HealthOP Colorado health. Specific responsibilities include setting strategic goals, make their contributions to the budget and financial reporting, policy development for trade CO-OP and supervision of the CEO. Call -This represents a revolutionary moment in healthcare, - Hutchins said. -Across The country, health insurance unions are doing to health insurance so the cooperative model has done for agriculture, electricity and countless other industries; we are introducing greater consumer control, improve efficiency and achieve a required change for consumer health care industry.- Colorado HealthOP opened its board of directors application process on 1 May 2014. Members can submit applications until July 7, 2014. Nominations and Outreach Committee will review all applications and conduct two rounds of interviews candidates to develop a list of various candidates will HealthOP Colorado members is due in August. Members will have the opportunity to vote for their representatives to the Board in September and October. The new board of 11 members will be seated at the annual meeting of CO-OP in October. Foundation board of directors HealthOP Colorado, who will continue to oversee the operations of the cooperative until the new board is seated, consists of a volunteer group of health professionals, legislators and advocates. About HealthOP Colorado Colorado HealthOP is first statewide health insurance nonprofit Colorado CO-OP. Alternatively governed member to traditional health insurance, Colorado HealthOP and its members are committed to providing quality, affordable coverage for individuals and businesses interested in making a difference in their own health, the health of their employees and health their community. The cooperative aims to improve health outcomes, putting the responsibility for consumer attention back in the hands of their partners and suppliers.
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