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House Committee Leaders Press Administration on Status of Remaining $1 Billion in Obamacare CO-OPs
Energy and Commerce Committee, U.S. House of Representatives
Nov. 25, 2015
"House Energy and Commerce Committee leaders are seeking answers from the Centers for Medicare and Medicaid Services (CMS) on the agency's plans for continued oversight of Obamacare's CO-OPs. To date, 12 of the original 23 CO-OPs have closed, bringing the total cost to taxpayers at more than $1.23 billion. The letter sent Tuesday follows up on a November 5th Oversight and Investigations Subcommittee hearing during which CMS Chief of Staff Mandy Cohen was unable to identify specific actions the agency would be taking to address problems the remaining 11 CO-OPs, which collectively received over $1 billion in federal loans, are facing."
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