House panel says Obamacare co-op improperly diverted $25 million

Published



A New York nonprofit improperly diverted $25 million meant to help establish three Obamacare health insurance co-ops to a wholly owned for-profit subsidiary, a congressional oversight committee said Wednesday.

The Freelancers Union, which received $340 million in federal loans to set up co-ops in New York, New Jersey and Oregon, gave some of that cash to a for-profit entity called Independent Worker Services.

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