DOCTORS, HOSPITALS GETTING STIFFED FOR MILLIONS OF DOLLARS BY OBAMACARE CO-OPS: A dozen of the 24 Obamacare health insurance co-ops established at a cost of $2.5 billion in 2012 have failed (and more are expected to do so). Now, hundreds of doctors, hospitals and other health care providers who served co-op policyholders are being muscled aside by federal bureaucrats claiming the government should be the first creditor in the bankruptcy line.
Richard Pollock of the Daily Caller News Foundation Investigative Group reports the “Medical Society of New York estimates that hundreds of millions of dollars are owed to doctors and hospitals due to collapse of Health Republic of New York, the largest Obamacare co-op.” That’s just one state. Expect the total losses to be in the billions when all the accounting is completed.