Congressman Chris Gibson of New York is calling for an investigation into Governor Andrew Cuomo’s administration after learning hundreds of millions of dollars in loans went to Health Republic, an insurance co-op that lasted only two years, and which caused 215,000 New Yorkers to lose their insurance.
Health Republic was founded in 2013 with $265 Million in federal loans. It soon became one of the largest health insurance cooperatives in the United States. Now it is no more after New York regulators discovered massive deficits in Health Republic’s books.
Originally ordered to close by December 31, regulators had to bump that up to November 30 after realizing the co-op was in worse financial straits than they had realized. This left over 200,000 people scrambling to find new insurance a month earlier than expected.
“$265 million of taxpayer money disappeared and 215,000 New Yorkers are facing turmoil in their healthcare coverage,” Congressman Chris Gibson told the Watershed Post, an upstate New York paper that wrote an exposé on the company.
“There is no question that there needs to be an investigation to see where there was wrongdoing,” he continued. “This happened on Governor Cuomo’s watch.”
Gibson is joined by New York State Senators Kemp Hannon and James Seward, who are also demanding answers. “It is extremely important to determine what led to Health Republic’s failure, and it is our intention to pursue legislation to avoid such a catastrophe in the future,” they wrote in a letter to the state earlier this month.
The catastrophe was called “one of the biggest disasters ever,” by David Cordner, an administrator at Llobet Medical Group. “Where was the money going?” he demanded to know.
More money from New Yorkers might be going into Health Republic in the future, however, as the company has not been paying millions in bills to local doctors and hospitals. The taxpayers of New York might be forced to pick up the tab.
Dhimmicrat and/or felon….redundancy at its best…
That’s pretty expensive home remodeling there, Sandra Lee.
Seriously.
it all makes purpose sense
they are the party of shameless lies and fraud
they are the party of drugs
they are the party of sodomy and lgbts
they are the party of killing babies
they are the party for control of the little man
they are the anti-defense party, including guns and self-defense
they are the party that hates god
they are blatantly evil and delusional
nothing surprises me about the left anymore
This very thing has happened in many other states. All democrat run states. The dirty little secret is finally coming to light.
He is a piker at losing tax money old Rod-Hams State Department mislaid some Billions!
Blaming the Republicans in 3…2…1…
Good luck with that.
It’s called “corruption” and the money is in the wallets and bank accounts of Andy Cuomo, his donors, his sycophants, and his co-conspirators.
And NOTHING will be done about it.
I guarantee it.
New Yorkers don’t care. Those getting fucked probably voted for the ones who are fucking them. I don’t see a problem.
When Cuomo was secretary, HUD reported that $59 billion was missing. It couldn’t say where they money went, because it failed to produce audited financial statements.Nothing new here
Silver.
Skelos.
Cuomo.
I’m going for the trifecta.