Did You Know...

   

Recipient of $341 million Obamacare CO-OP loan runs insurance company with New York's worst record of complaints

Share
By Doug Powers  •  February 23, 2013 03:41 PM

**Written by Doug Powers

null

About a year ago Michelle wrote a column about the $4 billion slush fund for Obamacare CO-OPs. She mentioned that one of the recipients of a CO-OP loan was a company called Freelancers Union, which was started by Sara Horowitz, a woman Obama has known since his Illinois days back when TOTUS was just a gleam in his eye.

Freelancers Union, which received a $341 million tax free loan from the Obama administration, is a non-profit that owns the for-profit Freelancers Insurance, the latter of which has a dubious distinction:

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.

I’ll say this much for the Obama administration… they don’t let little things like past performance of a company or any parent organization cloud the decision-making process when it comes to doling out taxpayer money to pals — much of which will no doubt never be repaid.

null

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus

Obama and Biden’s tributes to Ted Kennedy were all wet

March 30, 2015 08:55 PM by Doug Powers

kennedycar

An anchor for all our lives

Jen Psaki sent out to spin the Bergdahl debacle for Obama (Susan Rice apparently indisposed)

March 25, 2015 09:53 PM by Doug Powers

ragrets

Was “absolutely” worth it.

Hillary at the White House

March 24, 2015 09:11 AM by Doug Powers

obamahillary

The story straightening


Categories: Barack Obama, Iran, John Kerry, Politics

Follow me on Twitter Follow me on Facebook