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Finding out what’s in it: The fourteenth of the original twenty-three Obamacare state health insurance co-ops has announced it is closing shop.
I like this quote from the article:
Grace-Marie Turner, president of the Galen Institute, which advocates for free-market solutions in the health industry, said those who wanted the co-ops to be part of Obamacare believed “if they didn’t have a profit, they could charge less money, provide more service.” But she said the cascade of failures “is an indictment of the idealistic notion that you could put people in charge of billions of dollars who have little or no experience in the insurance industry.”
Across the country, the federal government loaned $2.4 billion to launch the co-ops [emphasis mine]
In other words, Obamacare was written and run by people didn’t have the slightest idea what they were doing, but they not only went ahead with it, but then handed out billions in taxpayer money to their friends, money that will never be returned. Pretty good gig, if you can get it!