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Health Insurance Purchasing Cooperative (HIPC)

Regional consumer groups that are establishes to shop for highest quality plan at lowest cost on behalf of large number of people, including employees of small businesses. Entity established to purchase bulk health insurance for businesses, groups or individuals. Was a key concept in the Clinton health plan and is not a current concept. Other cooperatives exist now, including business health action groups and health plan purchasing cooperatives. Although it may go by other names, we can expect such cooperatives to exist in the future.