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Two More States Shut Down ObamaCare Co-ops

<p>After the largest ObamaCare co-operative Health Republic of New York was shut down by regulators a few weeks ago&comma; others are starting to fall like dominoes&period; &nbsp&semi;<&sol;p>&NewLine;<p>In the past few days&comma; the ObamaCare co-ops in Kentucky and Tennessee have separately announced they will be shutting down&period;<&sol;p>&NewLine;<p>Kentucky Health was run by Democratic insider Janie Miller who was part of the Governor Beshear&&num;8217&semi;s administration and was the insurance commissioner from 2001 to 2003&period; &nbsp&semi;The organization had received a loan of &dollar;146 millions from the U&period;S&period; Department of Health and Human Services&period; The money was expected to last 15 years&period; It barely lasted two&period; Miller resigned last June&period;<&sol;p>&NewLine;<p>The Washington Post reports Community Health Alliance of Tennesse will be shuttering in December&comma; leaving 27&comma;000 participants out in the cold&period; They had received about &dollar;73 million in loans from HHS&period;<&sol;p>&NewLine;<p>The New York cooperative received &dollar;355 million in HHS loans&period; &dollar;2&period;4 Billion has been loaned out in total for 23 co-ops&comma; 6 have failed&comma; Vermont&comma; Louisiana&comma; Iowa&comma; Nebraska&comma; New York&comma; Nevada and Kentucky&period;&nbsp&semi;<&sol;p>&NewLine;<p><strong>Author&&num;8217&semi;s Note&colon;<&sol;strong> &nbsp&semi;This is partisan corruption at its finest&period; &nbsp&semi;How do you lose &dollar;146 million&comma; &dollar;73 million and &dollar;355 million that quickly&quest; If this were not so closely tied to the Obama Administration&comma; the FBI would be crawling up their rear ends tracing money to the people who embezzled it&period; If someone does finally investigate&comma; I anticipate massive amounts of fraud will be discovered&period;<&sol;p>&NewLine;<p>Of course&comma; it could be straight incompetence&period;&nbsp&semi;Does anyone know how to write a business plan out there&quest;&nbsp&semi;<&sol;p>&NewLine;

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