Sebelius Asked To Explain $2B In Obamacare Loans

'What amount does HHS expect to be repaid?'

Several leading Republicans in Congress are asking Health and Human Services Secretary Kathleen Sebelius, who is overseeing the disastrous Healthcare.gov website rollout, to explain the $2 billion loaned to various interests to launch health insurance CO-OPs and whether any of that taxpayer money will be recovered.

Just when it seems the Obamacare experience couldn’t get any worse – the website malfunctions, millions of policies have been canceled, only thousands are able to sign up and premiums are skyrocketing – come the questions about loans.

“Out of the $1.98 billion awarded to CO-OPs, what amount does HHS expect to be repaid? What is the period of time by which HHS expects these funds to be repaid?” were among the questions presented to Sebelius.

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