Another day, another bevy of crony capitalists walking off with your tax dollars and your neighbor’s insurance:
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 eight barely two years after their launch with $2 billion in start-up capital from the taxpayers under the Affordable Care Act.
All 24 received 15-year loans in varying amounts to offer health insurance to poor and low income customers and provide publicly funded competition to private, for-profit insurers. The eight co-ops to announce closings served populations in ten states: Iowa, Nebraska, Kentucky, West Virginia, Louisiana, Nevada, Tennessee, Vermont, New York and Colorado.
As these co-ops fail, nearly half a million Americans are set to lose their Affordable Care Act coverage.
That Means It’s Working™