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‘Luxurious’ funding lets Obamacare co-op undercut commercial rivals

By Richard Pollock
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‘Luxurious’ funding lets Obamacare co-op undercut commercial rivals

New York’s Health Republic nonprofit health insurance co-op can offer cheaper policies and undercut its commercial rivals, thanks to “luxurious” federal subsidies

Daniel T. McGowan, Health Republic’s former president and CEO, attributed the low rates to “a very luxurious kind of backing” from the federal government.

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