Skip to comments.Obamacare CO-OP Trade Association Now Appears Dead
Posted on 07/26/2017 4:39:13 PM PDT by ForYourChildren
After 20 of the 24 Obamacare non-profit health insurance cooperatives collapsed, despite the influx of $2.4 billion in taxpayer funds, it shouldnt surprise anyone that its trade association would also fail.
The National Alliance of State Health Cooperatives (NASCHO), the Obamacare co-op health insurance trade association, has quietly closed its doors, The Daily Caller News Foundation Investigative Group has learned.
NASCHO once represented as many as 24 Obamacare non-profit co-ops that were intended to compete with for-profit commercial health care insurers and perhaps even drive them out of business. The Obama administration underwrote the experiment with $2.4 billion in long-term, low interest loans.
(Excerpt) Read more at dailycaller.com ...
"influx of $2.4 billion in taxpayer funds"
The power over healthcare is not delegated to the United States by the Constitution, nor prohibited by it to the States, therefore, the power over healthcare is reserved to the States respectively, or to the people.
Like everything else that idiot Obama touched, it failed.
It failed with 2 billion dollars of OUR money.
WORST PRESIDENT EVER.
Obama didn’t do it, he Can’t. ALL THE MONEY was appropriated by CONGRESS, I am sure they all got a cut too.
Shows how the whole thing will likely just simply collapse and die under its own weight and contradictions. Therefore, no GOPe resistance to repeal to be concerned about.
Yet another $2.4 billion stolen from the US taxpayers by criminal nobama and his criminal cronies. Is no one held accountable? This is pure theft and fraud. In case justice does reemerge in this country, invest in rope and guillotines.
Doesn’t help with the business mandate with the exchanges dying
It will takes decades to fully assess what Obamacare has cost this nation. It was a boondoggle from the beginning. It would never have gotten off the ground if it had not been propped up by $hundreds of billions in taxpayer funds.
“influx of $2.4 billion in taxpayer funds”
Most of which was stolen, no doubt.
Actually it did not fail. It did exactly what he and his gang of communists wanted it to do. They were/are like arsonists on a spree of lighting fires of destruction.
I sincerely cast my vote that he rots in hell but I will not be the judge of that outcome.
Sorta kept an eye on developments when Obamacare came out but heard nothing about this. When was this NASCHO set up ? Who were the politicians involved. Looks like a lot of collusion going on.
The last healthcare replacement had 70 Billion taxpayer dollars for insurance companies. #stabilizationFraudFunds.
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