Nonprofit health insurance company forming in Wis.
MILWAUKEE (AP) -- Business leaders and community organizers in Milwaukee are forming a nonprofit health insurance company to provide coverage to small businesses and individuals.
The Milwaukee Journal Sentinel reports Common Ground Healthcare Cooperative is one of 24 being started nationwide with almost $2 billion in federal loans.
It will focus on Milwaukee and eastern Wisconsin to start, selling coverage through the federally run online marketplace, or exchange, that opens Oct. 1.
Kettle Moraine Hardwoods owner Jim Wesp is on the cooperative's board. He says he was attracted by the idea of a cooperative because membership gives him some say in how the company is run.
It's not the first nonprofit health insurance company in Wisconsin. Group Health Cooperative of South Central Wisconsin was started in the 1970s with a federal loan.
Information from: Milwaukee Journal Sentinel, http://www.jsonline.com