Montana Health Cooperative has started signing up new members on the state's Affordable Care Act health exchange after halting enrollment for nearly nine months, The Associated Press reported, citing CEO Jerome Dworak.
The health insurer had suspended new enrollment in December 2016 due to insolvency concerns and planned to beef up its financial reserves before resuming it. Of the 23 consumer operated and oriented health plans formed under the ACA, only those in Montana, Wisconsin, Maine and New Mexico survived while others collapsed in the wake of heavy financial losses.
Montana health co-op also lost about $6 million in its first year and more than $40 million the following year. But the insurer now feels confident about its financial health and is expecting $28 million in profits, according to the report.