VT Health CO-OP Closing

VT Health CO-OP Closing

The Vermont Health CO-OP is closing.
SOUTH BURLINGTON, Vt. - The Vermont Health CO-OP is closing.

The co-op has lost its loan from the federal government.

In a statement, CEO Christine Oliver  said the Board of Directors voted to dissolve the co-op.  This comes after Vermont's Department of Financial Regulation decided not to issue it a permit to operate.

"Without the financial support of our federal partners, it will not be possible to offer Vermonters the member-owned and member-governed health insurance option that will be available to Americans in many other states," Oliver said.

Vermont Health CO-OP expects to close by the end of the month.
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