Skip to comments.Audit finds 22 of 23 taxpayer-backed ObamaCare co-ops lost money in 2014
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 ...
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.
Well at least their not making any of those nasty profits.
“Which one actually made money?”
The one selling cocaine out the rear entrance.
Zero insiders lost money. Just us taxpayers.
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