Lewiston-based Maine Community Health Options is the only health insurance co-op out of 23 nationwide to report a net income and favorable underwriting through last year’s third quarter.
The Maine Public Broadcasting Network reported that MCHO was the highlight of a report on health insurance co-ops by rating agency A.M. Best. The report said that MCHO saw a net income of $10.9 million through 2014’s third quarter, while all other co-ops saw net losses.
MCHO CEO Kevin Lewis told MPBN that MCHO, which sells plans on the federal health insurance exchange, enrolled 83% of Mainers last year who signed up using the exchange.
Source:Â Maine Public Broadcasting Network
Read more
A Lewiston health insurer uses its startup status to its advantage
Lewiston insurer continues rapid growth
