Navigation Links
Cooperatives Can Address Health Care Needs if Properly Defined and Adequate Consumer Protections are Established
Date:6/19/2009

WASHINGTON, June 19 /PRNewswire-USNewswire/ -- The health care proposal released yesterday by the Senate Finance Committee includes an option to offer health insurance through cooperatives but leaves many questions about their structure and scope undefined. The National Cooperative Business Association, the only national membership association for co-ops across all industries, supports the use of co-ops to address the U.S.'s health care needs. NCBA seeks to ensure that any proposal strongly complies with long-established cooperative principles and protects consumers.

Paramount to the definition of a cooperative is membership control. Co-ops are both owned and governed by their members. Because the owners and the users of the business -- ordinary citizens -- are the same, the co-op model is inherently in service of members. Its primary mission is to provide quality goods and services rather than to maximize profits for shareholders; savings at co-ops are generally returned to members.

Cooperative members democratically elect board members and participate in a transparent exchange of information with the board. This keeps the cooperative focused on member services, and gives members the greatest say in how their co-op operates.

Although cooperatives are traditionally funded by member equity, any national health insurance cooperative will need a strong government investment, said NCBA president and chief executive officer Paul Hazen. "Inadequate funds for the co-op's development will leave it financially vulnerable. As history has shown, government-assisted co-ops have been able to fully pay back the government."

Co-ops play a vital role in the U.S. economy. Recent research led by the University of Wisconsin, and funded by the Department of Agriculture, found that the U.S. is home to some 29,000 co-ops. These businesses hold $3.1 trillion in assets, and create two million jobs, $652 billion in revenues and $74 billion in wages and benefits. They operate in every industry, and range from locally owned to Fortune 500-listed businesses.

For more information about health care cooperatives, visit NCBA's Web site, www.ncba.coop. There's a link to the research's section on health cooperatives on our Web site's home page.

    CONTACT:
    Paul Hazen, President and CEO
    Work: (202) 383.5444
    Cell: (202) 957.9298
    info@ncba.coop

    Mary Griffin, Senior Policy Advisor
    Work: (202) 383.5450
    Cell: (202) 276.7141
    mgriffin@ncba.coop


'/>"/>
SOURCE National Cooperative Business Association
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Provocative New Nonfiction Addresses Spiritual Destiny
2. Government of Canada supports research to help address medical isotope shortage
3. Arizona Governor Jan Brewer Addresses National Conference on Tobacco During Opening Session in Phoenix
4. Actuaries Weigh in on Ways to Address Risk Exposures and Challenges with the U.S. Health Care System
5. U.S. Drug Czar Addresses 2,500 Drug Court Professionals, Voices Strong Support for Expanding Drug Courts Throughout the Nation
6. Founder of Snoring Isn't Sexy, LLC Addresses Annual Meeting of the American Academy of Dental Sleep Medicine
7. Answer to President Obamas June 6th Weekly Radio Address
8. Cox Business Addresses Complex Voice Needs of Health Care Organization
9. Johnson & Johnson Highlights Pharmaceutical Growth Strategies and Robust Pipeline to Address Unmet Medical Needs
10. MDS Nordion Urges Government of Canada to Complete MAPLE Project to Address Current Medical Isotope Supply Shortage
11. Air Products CEO to Address Goldman Sachs Basic Materials Conference on 4 June
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... ... “The Journey: From the Mountains to the Mission Field”: the story of a ... “The Journey: From the Mountains to the Mission Field” is the creation of published ... all ages and currently teaches a class of ladies at her church, which she ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the ... today its plans to open a flagship location in Covington, LA at 401 N. ... To Go store next to Office Depot in the Holiday Square shopping center. Its ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... AccentCare, a leader in post-acute health care, have expanded their existing home health ... Home Health. , AccentCare has been operating a joint venture home health company ...
(Date:10/12/2017)... ... October 12, 2017 , ... Leading pediatric oncology experts at ... for the 49th Congress of the International Society of Paediatric Oncology (SIOP) ... Center for Cancer and Blood Disorders at Children’s National, and Stephen P. ...
(Date:10/12/2017)... ... October 12, 2017 , ... In the ... a year. In some states—like New York, New Jersey, Massachusetts, Texas, Virginia, Connecticut, ... retirement havens have extremely low property-tax rates, which contributes to the relatively lower ...
Breaking Medicine News(10 mins):
(Date:10/12/2017)... SAN DIEGO , Oct. 12, 2017   Divoti ... Medical Alert Jewelry up to the standard of the latest FDA ... (Launched: June 2017). Anyone in need of Medical ID ... Divoti Medical Alert Jewelry are engraved in terms of the ... ...
(Date:10/11/2017)... , Oct. 11, 2017  Hill-Rom Holdings, Inc. ... Aspen Surgical facility in Las Piedras, Puerto ... scalpels and blades. ... that the facility sustained minor structural damage, temporary loss ... Maria. Repairs have been completed, manufacturing operations have resumed, ...
(Date:10/4/2017)... 2017  South Korean-based healthcare product Development Company I.M. ... on Kickstarter. The device will educate the user about ... better efficiency compared to the dated and pricey CPR ... efficacy of the compression for a more informed CPR ... to raise $5,000. ...
Breaking Medicine Technology: