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Truth Detector
10-16-2015, 11:35 AM
Obamacare; the liberal disaster that keeps on taking.

But in Liberal loony land, what are a few billions more when you can get that warm satisfying feeling every single day of caring more than anyone else on the planet regardless of its failure right?

There will be many more stories like these; but NEVER expect them to have an impact on the leftist media propaganda to support Liberal Progressive legislative failures like these.

Why 6 Government-Funded Insurance Companies Created Under Obamacare Collapsed

A government watchdog overseeing the Department of Health and Human Services delivered the grim financial state of nearly all of the co-ops—that collectively received $2.4 billion—created under Obamacare several months ago.

Now, following the collapse of six of the 23 that launched in 2013, the co-ops, or consumer oriented and operated plans, face an uphill battle to solidify themselves as competitors in the health insurance market.

To assist the co-ops in getting off the ground, the Centers for Medicare and Medicaid Services disbursed $2.4 billion in start-up and solvency loans to the 23 co-ops created under Obamacare.

http://dailysignal.com/2015/10/15/why-6-government-funded-insurance-companies-created-under-obamacare-collapsed/?utm_source=heritagefoundation&utm_medium=email&utm_campaign=morningbell&mkt_tok=3RkMMJWWfF9wsRouuKnMZKXonjHpfsX56%2BQuUaC1 lMI%2F0ER3fOvrPUfGjI4ATsdqPK%2BTFAwTG5toziV8R7jHKM 1t0sEQWBHm

Peter1469
10-16-2015, 04:15 PM
These are co-ops trying to compete with established insurance companies. With the onerous regulations in the health insurance industry that is virtually impossible to do. That is one reason the big insurance companies push for onerous regulations: it kills their competition that do not have entire departments devoted to regulatory compliance.