Shocking,
Posted on 12/01/2015 12:00:42 PM PST by rightistight
Congressman Chris Gibson of New York is calling for an investigation into Governor Andrew Cuomo's administration after learning hundreds of millions of dollars in loans went to Health Republic, an insurance co-op that lasted only two years, and which caused 215,000 New Yorkers to lose their insurance.
Health Republic was founded in 2013 with $265 Million in federal loans. It soon became one of the largest health insurance cooperatives in the United States. Now it is no more after New York regulators discovered massive deficits in Health Republic's books.
Originally ordered to close by December 31, regulators had to bump that up to November 30 after realizing the co-op was in worse financial straits than they had realized. This left over 200,000 people scrambling to find new insurance a month earlier than expected.
"$265 million of taxpayer money disappeared and 215,000 New Yorkers are facing turmoil in their healthcare coverage," Congressman Chris Gibson told the Watershed Post, an upstate New York paper that wrote an expose on the company.
"There is no question that there needs to be an investigation to see where there was wrongdoing," he continued. "This happened on Governor Cuomo's watch."
Gibson is joined by New York State Senators Kemp Hannon and James Seward, who are also demanding answers. "It is extremely important to determine what led to Health Republic's failure, and it is our intention to pursue legislation to avoid such a catastrophe in the future," they wrote in a letter to the state earlier this month.
The catastrophe was called "one of the biggest disasters ever," by David Cordner, an administrator at Llobet Medical Group. "Where was the money going?" he demanded to know.
More money from New Yorkers might be going into Health Republic in the future, however, as the company has not been paying millions in bills to local doctors and hospitals. The taxpayers of New York might be forced to pick up the tab.
[[$265 Million “Disappearsâ€]]
What difference does it make? He’s a liberal, liberals are allowed by law to do whatever they want- legal or otherwise- Why just the other day Al Sharpton- another crook, gave himself a 72% ‘cost of living increase’ from the organization he is working for in NY that amounts to millions
I think when Trump is elected, we’ll find out that the progressives have been systematically looting from the entitlements and social programs they’ve invented.
Did they check their other pockets?
This is peanuts compare to the $6 BILLION HilLIARy misplaced while she was running the state department
Shocking,
Follow the money... right into cuomo’s offshore savings account.
Pff. Jon Corzine made $2B disappear, and no one said boo. Just one of those things.
Didn’t Hillary or John Kerry make a few hundred million vanish from the State Department without a trace?
It went into the same bank accounts that the hundreds of millions poured into Solyndra sent to. Liberal politicians’ cronies.
“I think when Trump is elected, we’ll find out that the progressives have been systematically looting from the entitlements and social programs they’ve invented.”
Liberalism is a mental disorder. They don’t have the capability to loot their own piggy bank. It’s the hard core criminals in government who pose as liberals so they can keep the population in a state of chaos as they loot the treasury.
Al Capone did it with soup kitchens. Today’s Democrat party does it with cronies and gibmedats.
That's rich. Cuomo is so mobbed up, he a made member of the outfit in NY.
That's how the game is played.
“What difference does it make? He’s a liberal.”
All the wise-guy, sophomoric, junior-high-school punks in government are nothing but a reflection of the electorate;
wise-guy, sophomoric, junior-high-school punks who think they’re above it all.
IMHO
That happens under a Republican president, and it's congressional hearings and special prosecutors from now till doomsday.
When it happens under a Democrat president it's a shrug and "whaddaya gonna do?"
“Liberalism is a mental disorder.”
Nah. Worse than that.
It’s an unfathomable psychosis that goes so deep as to be cosmic.
IMHO
all sorts of warnings from my puter when i went to that site.
Obama has made 10 trillion disappear and no one seems to notice.
Only 265 mil? Pikers.
In summary, forcing the state taxpayers pay for everything is the whole idea. That's why Obama and his Democrats and the rest of the federal government don't care if Obama's phony health exchanges steal all of the federal cash that is given to them.
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