Posted on 09/30/2015 3:24:26 PM PDT by lowbridge
Bad news for New Yorkers, thanks to ObamaCare: More than 100,000 policyholders just learned that their Health Republic insurance plans will be canceled on Dec. 31. The start-up insurer (spun off from the Freelancers’ Union) is hemorrhaging red ink and has to close down.
That’s unfortunate for the policyholders, who now have to scramble to find other coverage and try to keep their doctors.
But even worse is the abuse of taxpayers across the country: Congress loaned a whopping $2.5 billion of taxpayers’ money to Health Republic of New York and 22 other boondoggle insurance co-ops, even after being warned by its own budget experts that many co-ops would fail and not repay the loans. How carelessly politicians spend other people’s money.
If anything, the experts’ warnings were understated. Across the nation, 21 out of the 23 co-ops are either shut down already or losing money. And it’s your money going down the rathole.
(Excerpt) Read more at nypost.com ...
And we have a Republican party that refuses to de-fund it. Bastards!
“Working” as planned. Next stop single payer....
These guys are mostly rabid liberals. Will they vote democRAT next year?
I’m glad they’re “victims”.
New Yorkers proudly voted for this. :)
Most American people are too stupid to realize they have been screwed. They just trug along with a thumb up their butt and a smile on their face after the communists Democrats bail them out. They will be bailed out, you can bet of that. All hail our King Obama, the communists black Muslim terrorists.
Pure criminal theft by the pinheads that run out government. May they all rot.
That's like an agrarian reformer.
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