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

ObamaCare Co-Ops Used Accounting Trick to Fool Watchdogs

Affordable! Sustainable! All lies, huh? This time, it’s that these co-opsĀ had assets [1], 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.