The Colorado Health Insurance Cooperative is accepting applicants for its board of directors. Colorado, Denver, May 20, 2014 — Colorado Health Opp, the state’s first statewide health insurance co-op, has brought more member power to an insurance market that has previously had very little, starting a major change in the way insurance firms are managed. Almost 14,000 of the co-op’s new Colorado members have been invited to vie for seats on the board of directors, the company said Monday. Cooperative members elect the board of directors, and by the end of 2015, at least 80% of the board will be made up of cooperative members. Board members will be formally empowered to make decisions and to start reforms within the cooperative that will benefit all members. According to Julia Hutchins, COO of Colorado Health Op, because Colorado Health Op is controlled by our members, and not by outside investors, the co-op will become what our members want and need it to be – health insurance that is focused on improving the health of our members and the health of the communities we serve. With the ultimate goal of cutting costs and giving Colorado Health Ops members more effective and valuable health coverage, the board members of Colorado Health Ops will be in charge of making sure that member interests are represented in the co-op’s decisions and actions under this innovative model of member governance. Setting strategic goals, contributing to financial reporting and budgeting, creating guidelines for cooperative company operations, and managing the CEO are among the particular duties. According to Hutchins, this call for applications represents a revolutionary time in healthcare. Health insurance co-ops are doing for health insurance across the nation. We are bringing more consumer control, more efficiency, and customer-driven change to the healthcare sector—just as the cooperative model has done for agriculture, power, and many other sectors. On May 1, 2014, Colorado Health Op began the application process for the board of directors. Members have until July 7, 2014, to submit applications. Colorado Health Op’s members will be presented with a diverse slate of candidates in August after all applications have been reviewed by a nominations and outreach committee, which will also conduct two rounds of applicant interviews. Members will be able to cast ballots in September and October to choose who will serve on the board. At the cooperative’s annual meeting in October, the newly elected 11-member board will take office. Colorado Health Opp’s initial board of directors is made up of a collection of volunteer legislators, activists, and healthcare professionals who will continue to manage the organization’s activities until a new board is installed. concerning Colorado Health Op The first nonprofit health insurance co-op in the state of Colorado is called Colorado Health Op. Colorado Healthop and its members are dedicated to provide reasonable, high-quality coverage to people and companies that want to improve the health of their workers, their own health, and the community’s health as a member-governed alternative to conventional health insurance. By returning control of customers’ care to its members and professionals, the co-op hopes to improve health outcomes. For further details on Colorado Health Opps, please contact 720.627.8900 or visit www.cohealthop.org. Contact information: abeaty@csg-pr.com; http://www.csg-pr.com; Anna Beaty, CSG PR, 3225 East 2nd Avenue, Denver, CO 80206; 303-433-7020
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