Accuracy in Media

Affordable! Sustainable! All lies, huh? This time, it’s that these co-ops had assets, when they were actually loans.

Co-ops created under Obamacare reported net assets despite losing millions because they used an accounting trick approved by the Centers for Medicare and Medicaid Services.

Tax filings for 18 co-ops, including nine that collapsed in 2015, also revealed that co-op CEOs were paid handsomely before many had to shut down.

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