Obama ally got $340 million federal loan to set up health care co-ops

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    Feb 22, 2013 2:14 PM GMT
    Crony capitalism.

    http://washingtonexaminer.com/obama-ally-got-340-million-to-set-up-health-care-co-ops/article/2522229

    A health insurance company headed by an old friend from President Obama's days as a community organizer 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 before his career in elective politics to launch Demos, a left-wing, New York think tank funded in part by George Soros.

    Before May 13, 2011, the Demos website described Horowitz and Obama as members of the founding group in 1999 that became "the core of Demos' staff and Board of Trustees."
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    Feb 23, 2013 2:38 AM GMT
    What is so bizarre is that her company was rated the worst - the worst insurer in NY State for two years running AND she gets $340 million for it... . That takes some work...