An insurance company known for not keeping its contractual obligations has received $340 million in federal loans to set up a health care exchange under ObamaCare. Critics say the only apparent criteria for the loan is the fact that the company is led by a friend of Barack Obama during his community organizer days. She is also a former leader of a George Soros-funded politically radical organization.
The confluence of incompetence, cronyism, and political donations have many asking if the arrangement is above-board – and what that signals about America’s future after the health care industry is rearranged.
Congress has opened an inquiry into the eligibility of President Obama’s close friend Sara Horowitz and her embattled health insurance company to receive $340 million in taxpayer-funded loans.
Horowitz, a former labor lawyer and community organizer, heads the Freelancers’ Union and the related Freelancers’ Insurance Company (FIC).
Despite the name, the Freelancers’ Union is not a union. It is the parent organization of Horowitz’s for-profit health insurance company, which serves 200,000+ customers, mostly freelancers who are ineligible for benefits through their employers.
FIC has been rated the “worst” insurer in New York for the past two years by state regulators, and has weathered numerous public relations and customer service crises since it launched in 2008. The company is so unpopular it has spawned its own hate blog, “Upset Freelancers’ Union Members,” where those who buy their healthcare from FIC meet to complain, strategize, and give each other tips on how to navigate labyrinthine restrictions and try to get results from the notoriously frustrating customer service hotline.