New Nonprofit Health Insurance Company in Connecticut

CT News Junkie and The Hartford Courant report that HealthyCT, a new nonprofit organization, will receive $75.8 million in federal funding to establish a nonprofit health insurance company in Connecticut under the federal Patient Protection and Affordable Care Act.  It will receive federal low-interest loans to create a Consumer Operated and Oriented Plan (CO-OP), which will serve individual and small group markets.  HealthyCT will next need to obtain a license to offer health insurance from the Connecticut Insurance Department.  Contingent on state approval, HealthyCT is expected to begin issuing insurance in October 2013.