Obama Friend Receives $340 Million to Run ObamaCare Exchanges



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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.

Post Continues on www.lifesitenews.com


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  • Tim Newton

    Crony capitilism  to say the least.Who the heck is next??????????annie wintour?

  • ketrout

    Talk about corruption and Obama and his administration, along with his friends and who knows who else. This person should NOT be receiving any money.
     
    OBAMA AND HIS ADMINISTRATION ARE AS CORRUPT AS THEY COME. IT IS TIME WE PUT A STOP TO THIS MADNESS!!

    • Evermyrtle

      @ketrout True and has been paid by taxpayers for over four years to destroy our country. He should have to pay every penny back and be put in solitary confinement.

  • ketrout

    Talk about corruption and Obama and his administration, along with his friends and who knows who else. This person should NOT be receiving any money.
     
    OBAMA AND HIS ADMINISTRATION ARE AS CORRUPT AS THEY COME. IT IS TIME WE PUT A STOP TO THIS MADNESS!!

    • Evermyrtle

      @ketrout Sorry to dispute you, it should have been stopped a long time ago. It should never have been allowed to grow int this massive destroying drive that it has become.

  • lokiswife

    Obama is a corrupt and vindictive person who rewards his donors/supporters/special interests with generous rewards on the taxpayer dollar, and punishes anyone who he believes is against him and his agenda (especially middle class America and working people). He and Michelle won’t be happy until they can crash America, then they will go to their $35 million pad in Hawaii to live the rest of their lives in well-protected security while the rest of Americans try to pick up the pieces of their lives and go on…..

    • Evermyrtle

      @lokiswife He makes a rattle snake look like a gentleman. At least a rattle snake does not go out to seek someone to destroy. It only strikes whenit feels threatened.

  • Evermyrtle

    Is there anybody out there who may read this account surprised at this situation this huge bonus for an Obomaite??. It really fits perfectly in with all that I know about Obama’s  shenanigans, steps to put America down.

  • eavesdropann

    “@nutjob: Obama Friend Receives $340 Million to Run ObamaCare Exchanges http://t.co/kRfxK2VO59”

  • WilliamHenry

    $340 million for friends but the taxpayers lose double; if she defaults like the rest of obamas cronies, and obamacare.