OBamaCare:Failed Co-Op Now Under Investigation for Underreporting Financial Straits

Washington Beacon ^ | November 10, 2015 | Ali Meyer

[lbryce]

One of the 12 failed co-ops created under Obamacare is now under investigation by regulators after the co-op was found to have downplayed its poor financial condition in official filings, the Daily Caller reported.

The New York State Department of Financial Services (NYDFS) found that the Health Republic of New York co-op’s “financial condition is substantially worse than the company previously reported in its filings.”

“Among other issues, the investigation will examine the causes of the inaccurate representations to NYDFS regarding the company’s financial condition,” they said.

[lbryce]

It's not too late to find,ship a nice 300 foot redwood to Washington(for two)

[DungeonMaster]

Someone just earned a job in Washington DC on the Left side of the street.

[GOPJ]

Demcrats = liars...

[fhayek]

Health Republic of New York received $350 million in 'solvency funds' and couldn't last two full years? I mean if you put a lib in charge of running something, it is going to go bankrupt, but this one is really one for the books. I guess they didn't use the money to hire actuaries or accountants or people who had a clue about running an insurance company.

Maybe all those 'greedy' insurance companies actually knew what they were doing all along.