- Feb 12, 2007
- 59,439
- 24,106
- 2,290
As they saying goes: follow the money.
ObamaCare is a boondoggle of cronyism, one feature of which is $2B in loans to set up the "exchanges". Please note, esurance was financed with $40M of equity and works just fine. But the government is going to pour $billions into what are sure to be a new level of Hell involving failed IT and process initiatives.
Citing worries that "taxpayers will lose a significant amount of the money," House Committee on Oversight and Government Reform officials are significantly expanding their probe of the $2 billion Obamacare loan program to fund new health insurance co-operatives to compete with established private-sector firms in 24 states.
Committee Chairman Rep. Darrell Issa, R-Calif., requested a lengthy list of documents in a March 25, 2013, letter to officials with eight of the groups starting co-ops. Together, the eight have received more than $657 million in low-interest loans that must be repaid at a future date....
Obamacare's Solyndra? Oversight panel expands co-ops probe, renews document demand to HHS | WashingtonExaminer.com
ObamaCare is a boondoggle of cronyism, one feature of which is $2B in loans to set up the "exchanges". Please note, esurance was financed with $40M of equity and works just fine. But the government is going to pour $billions into what are sure to be a new level of Hell involving failed IT and process initiatives.
Citing worries that "taxpayers will lose a significant amount of the money," House Committee on Oversight and Government Reform officials are significantly expanding their probe of the $2 billion Obamacare loan program to fund new health insurance co-operatives to compete with established private-sector firms in 24 states.
Committee Chairman Rep. Darrell Issa, R-Calif., requested a lengthy list of documents in a March 25, 2013, letter to officials with eight of the groups starting co-ops. Together, the eight have received more than $657 million in low-interest loans that must be repaid at a future date....
Obamacare's Solyndra? Oversight panel expands co-ops probe, renews document demand to HHS | WashingtonExaminer.com
