ObamaCare Phony Markets Losing Billions

A Department of Health and Human Service’s inspector general audit report revealed that 22 of 23 ObamaCare co-ops operated under a net loss in 2014, with more than half of them also missing their enrollment quotas by large margins.

The co-ops were created under Obamacare as nonprofit insurance companies injected into the marketplace to stir competition in areas where few insurance options existed. The plan is not really consumer oriented, as it relies on something akin to market manipulation by the government to artificially foster a competitive market where none existed. This is all held up with taxpayer money.

Read more at The Patriot Post