Under the Patient Protection and Affordable Care Act (ACA), the Secretary of Health and Human Services (HHS) must establish a Consumer Operated and OrientedPlan (CO-OP) in every state to compete as a nonprofit-like entity against health care insurers.
Thursday, Treasury Undersecretary Robert Steel was quoted at a meeting of Wall Street analysts as saying the department was monitoring the situation but didn't plan to directly intervene, calling it a "private market-oriented" situation.