Consumer Operated and Oriented Plans
At their September 22, 2011 meeting, the Independent Sector board adopted the following position with respect to Consumer Operated and Oriented plans:

As we review the Patient Protection Act, there is no apparent need to create a new hybrid corporate form to accommodate Consumer Operated and Oriented Plans in the federal tax code.

As regulations are developed, the following issues should be considered and appropriately handled in light of the nonprofit status of Consumer Operated and Oriented Plans:

• Member Control
• Private Inurement and Conflicts of Interest
• Treatment of Profits
• Capital Structure
• Monitoring and Transparency
• Treatment of Assets Upon Dissolution or Conversion