By Julian Pecquet - 02/21/12 07:37 PM EST
The co-ops have received a fair amount of criticism, with liberals doubting their ability to attract enough patients to have the market clout necessary to bring healthcare costs down. Conservatives, meanwhile, point out that the Health and Human Services Department itself has predicted a 40 percent default rate for the start-up loans.
The first round of awards went to:
• Midwest Members Health in Iowa and Nebraska ($113 million);
• Montana Health Cooperative ($58 million);
• Freelancers CO-OP of New Jersey ($107 million);
• New Mexico Health Connections ($70 million);
• Freelancers Health Service Corporation of New York ($174 million);
• Freelancers CO-OP of Oregon ($59 million); and
• Common Ground Healthcare Cooperative of Wisconsin ($56 million).