Healthcare co-ops worse than Solyndra
Remember Solyndra? It cost those of us who pay taxes $500 million. Now we have Obamacare cco-ops that could cost us about $3 billion (with a B).
Our leaders handed out about $2.6 billion in low-interest loans and startup costs. They said the 23 co-ops showed a "high probability of financial viability." Really?
Last week, Louisiana's health co-op went down the tubes and before it, the one in Iowa tanked even after getting $178 million in subsidized loads.
Many more failures are on the way, even though our leader says that Obamacare is working better than expected.
Why don't we dump this whole mess now?
James A. Wagner
Barrington
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