Gov’t maintaining secret list of failing Obamacare co-ops


For my money, Barack Obama has kept his promise about overseeing the most transparent administration in the history of the universe. Every effort he makes to deceive the American people and cover up another of his embarrassing failures inevitably backfires, revealing not only his dishonesty but his incompetence.

A Daily Caller News Foundation investigation has determined that federal officials are keeping 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.

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.

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. Among the most recent co-ops to announce closings were those in Iowa, Nebraska, Kentucky, West Virginia, Louisiana, Nevada, Tennessee, Vermont, New York, and Colorado.
Read more at LibertyUnyielding

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