Even With Billions of Your Dollars ObamCare Co-ops Failing... - Granite Grok

Even With Billions of Your Dollars ObamCare Co-ops Failing…

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Image:TruthandAction.org

This is what happens when you trust the government with your money and you life…

Daily Caller

Federal officials have a secret list of 11 Obamacare health insurance co-ops they fear are on the verge of failure, but they refuse to disclose them to the public or to Congress, a Daily Caller News Foundation investigation has learned. Just in the last three weeks, five of the original 24 Obamacare co-ops announced plans to close, bringing the total of failures to nine barely two years after their launch with $2 billion in start-up capital from the taxpayers under the Affordable Care Act.

Nearly half a million failing co-op customers will have to find new coverage in 2016. More than $900 million of the original $2 billion in loans has been lost.

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