News Headlines Article

ACA funding for co-ops stirs debate at congressional hearing
Modern Healthcare

“Solyndra” was a frequent topic of conversation during a congressional hearing last week on consumer operated and oriented plans—or co-ops—that have received $2 billion in loans through the Patient Protection and Affordable Care Act.

A report by Republican staffers scrutinizing the funding for the not-for-profit insurance plans described it as “eerily similar” to a government loan program that bankrolled the failed solar energy company. “This is no Solyndra,” declared Rep. Jackie Speier (D-Calif.) at the outset of the hearing before the House Subcommittee on Energy Policy, Health Care & Entitlements.

Commands