- Accuracy in Media - https://www.aim.org -

ObamaCare Co-Ops Haven’t Repaid $1.2 Billion in Federal Loans

An exclusive from Fox News [1]:

The dozen failed ObamaCare cooperatives have not repaid any of the $1.2 billion in federal loans they received and still owe more than a $1 billion in additional liabilities, according to recent financial statements to be cited Thursday at a congressional hearing.

In prepared remarks for his opening statement at the hearing, Sen. Rob Portman, R-Ohio, chairman of the Senate Permanent Subcommittee on Investigations, says, “In some states, those losses will be absorbed by other insurance companies—which means, by the policyholders of other insurance companies who have to pay increased premiums.