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Georgia Hospitals To Launch New Insurance Company

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Republican governors scored easy political points by rejecting President Barack Obama's plan to enroll more poor people in government health insurance. . (Photo by Spencer Platt/Getty Images)

Republican governors scored easy political points by rejecting President Barack Obama’s plan to enroll more poor people in government health insurance. . (Photo by Spencer Platt/Getty Images)

CBS Atlanta (con't)

Affordable Care Act Updates: CBSAtlanta.net/ACA

Health News & Information: CBSAtlanta.net/Health

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ATLANTA (AP/WAOK) – Two of Atlanta’s largest hospital systems have announced plans to form their own insurance company.

Officials say Piedmont Healthcare and WellStar Health System have announced plans to launch a variety of insurance products in 2014 for Piedmont and WellStar employees and their relatives.

The health systems will operate their new insurance company as a joint venture for-profit enterprise.

Official say the details of the plan are still being finalized. The company expects to operate as an HMO, but plans could eventually expand to include other service providers.

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