Skip to comments.
Audit finds 22 of 23 taxpayer-backed ObamaCare co-ops lost money in 2014
Associated Press ^
| July 30, 2015
Posted on 07/30/2015 8:54:20 AM PDT by george76
Under resident Barack Obama's overhaul, taxpayers provided $2.4 billion in loans to get the co-ops going, but only one out of 23 -- the one in Maine -- made money last year ... Another one, the Iowa/Nebraska co-op, was shut down by regulators over financial concerns.
The audit by the Health and Human Services inspector general's office also found that 13 of the 23 lagged far behind their 2014 enrollment projections.
The probe raised concerns about whether federal loans will be repaid, and ... Just last week, the Louisiana Health Cooperative announced it would cease offering coverage next year
(Excerpt) Read more at foxnews.com ...
TOPICS: Crime/Corruption; Culture/Society; Extended News; Government; News/Current Events; US: District of Columbia; US: Iowa; US: Louisiana; US: Maine; US: Massachusetts; US: Nebraska; US: New York; US: Pennsylvania
KEYWORDS: 0carenightmare; aca; healthcare; obamacare; obamacarecoops; obamacarecosts; obamacareenrollment; taxpayer; taxpayers
posted on 07/30/2015 8:54:21 AM PDT
To: george76; tx_eggman
Which one actually made money? Find the S.O.B in charge and fire him immediately. Making money is not furthering the White House cause.
posted on 07/30/2015 8:58:33 AM PDT
(Winter is coming)
Well at least their not making any of those nasty profits.
posted on 07/30/2015 9:02:23 AM PDT
by Steely Tom
(Vote GOP: A Slower Handbasket)
“Which one actually made money?”
The one selling cocaine out the rear entrance.
posted on 07/30/2015 9:27:12 AM PDT
(My Batting Average( 1,000) (GOPe is that easy to read))
Zero insiders lost money. Just us taxpayers.
This was a scam from the very beginning. These co-ops were created to be looted by Democrat cronies who would then kick back to the party coffers. ObamaCare and Medicaid expansion was supposed to solve the problem of the uninsured. So what is the justification of creating a risk pool that must compete with health insurers who actually know what they are doing? These things need auditing.
posted on 07/30/2015 6:40:55 PM PDT
by Brad from Tennessee
(A politician can't give you anything he hasn't first stolen from you.)
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson