From: The Examiner
VIDEO
A health insurance company headed by an old
friend from when President Obama was an Illinois state senator got a
$340 million federal loan to establish Obamacare co-ops in New York, New
Jersey and Oregon despite having a chronic record of consumer and
regulatory complaints.
The New York-based Freelancers Insurance
Company has been rated the "worst" insurer for two straight years by
state regulators, and data compiled by a national insurance association
show an extremely high rate of consumer complaints.
The firm was founded in 2008 by Sara Horowitz,
who worked with Obama while he was in the Illinois state senate to
launch Demos, a left-wing, New York think tank funded in part by George
Soros.
Before May 13, 2011, the Demos website
described Horowitz and Obama as members of the founding group in 1999
that became "the core of Demos' staff and Board of Trustees."
Sometime between that date and Nov. 6, 2011, the Obama reference was deleted, according to cached versions of the site stored by the Internet Archive's Wayback Machine.
Before incorporating FIC, Horowitz had
established the Freelancers Union, a nonprofit organization that
describes itself as offering "health insurance and other benefits, plus
advocacy, solidarity, and resources for freelancers and independent
workers."
In 2012, Horowitz's FIC won the largest single
award under an obscure Obamacare provision that allocates $2 billion to
establish 24 co-ops to compete against private insurers and state
health insurance exchanges. Co-ops are collectively owned organizations
that produce goods or services for the benefit of members instead of for
profit.
The funds are awarded as tax-free loans by the
U.S. Department of Health and Human Services' Center for Consumer
Insurance Information and Oversight. MORE
No comments:
Post a Comment