Federal officials gave $129 million to a Florida firm with a checkered past to establish an Obamacare cooperative in Ohio, The Washington Examiner has learned.
A health insurance company headed by an old friend from when President Obama was an Illinois state senator got a $340 million federal loan to establish Obamacare co-ops in New York, New Jersey and Oregon despite having a chronic record of consumer and regulatory complaints
Federal officials awarded $112 million to fund new Obamacare health insurance cooperatives in Iowa and Nebraska to a group whose politically connected chief financial officer recorded at least three business flops since 2009.
This video sums it up….
The Co-ops are in the very best of hands, if you want them to fail. Even more troubling is this is simply the tip of the iceberg in how cronyism and politics will further destroy our health care system. Inquiring minds want to know if it’s by design.
h/t to Mark Tapscott guest blogging over at Instapundit who remarks…
WHAT HAPPENS WHEN POLITICIANS AND BUREAUCRATS GIVE AWAY TAX DOLLARS FROM BEHIND CLOSED DOORS
