WASHINGTON, June 11 /PRNewswire-USNewswire/ -- As Congress debates what shape health care reform will take, the cooperative business model has entered prominently into the discussion. Cooperatives save money for members by aggregating demand for specific services, whether it's health insurance, pharmaceuticals or hospital supplies. For example, in a health insurance purchasing cooperative, consumers or businesses can band together to purchase private health insurance policies in bulk, passing savings along to members. Cooperative health care providers also save money for members because, in addition to buying in bulk, the not-for-profit cooperative does not answer to outside investors.
The National Cooperative Business Association is a strong advocate for health care cooperatives, and we are now analyzing the specific proposals Senator Conrad has put forth to Congress.
Cooperatively owned businesses represent a major contribution to the U.S. and world economy. Co-ops are businesses that are jointly owned and democratically run. People form cooperatives to fill their needs for services that if obtained on an individual basis would be unavailable or prohibitively expensive. Research led by the
For more information about health care cooperatives, visit NCBA's Web site, www.ncba.coop. There's a link to the Wisconsin study on the front page, and the "about cooperatives" page has detailed information about health care co-ops.
Headquartered in Washington, the National Cooperative Business Association creates cooperative connections across all sectors of the economy, including agriculture, food distribution and retailing, childcare, credit unions, housing, healthcare, energy, and telecommunications.
|SOURCE National Cooperative Business Association|
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