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Sunday, February 24, 2013

Insurer With NY's 'Worst' Record Of Complaints Gets $340M Obamacare Loan

A health insurance company headed by an old friend from when President Obama was an Illinois state senator got a $340 million federal loan to establish Obamacare co-ops in New York, New Jersey and Oregon despite having a chronic record of consumer and regulatory complaints.

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.

The firm was founded in 2008 by Sara Horowitz, who worked with Obama while he was in the Illinois state senate to launch Demos, a left-wing, New York think tank funded in part by George Soros.

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3 comments:

Anonymous said...

Well of course, this is how FACISM works.

lmclain said...

Nah....this is how kickbacks, bribery, and corruption work. And after Peolosi's family enrichment through kickbacks, insider info, and bribery, and Harry Reid's SIX FAMILY members working as "lobbyists", obama looked at this deal and said "just do it --- what are they (we, the people) gonna do??". Answer? Nothing.

Anonymous said...

Welcome to Chicago politics on a National level