Obama friend, fmr.
leader of Soros-funded group, receives $340 million to run ObamaCare exchanges
Congress has opened an inquiry into
the eligibility of President Obama’s close friend Sara Horowitz and her
embattled health insurance company to receive $340 million in taxpayer-funded
loans.
Horowitz, a former labor lawyer and
community organizer, heads the Freelancers’ Union and the related Freelancers’
Insurance Company (FIC).
Despite the name, the Freelancers’
Union is not a union. It is the parent organization of Horowitz’s for-profit
health insurance company, which serves 200,000+ customers, mostly freelancers
who are ineligible for benefits through their employers.
FIC has been rated the “worst” insurer
in New York for the past two years by state regulators, and has weathered
numerous public relations and customer service crises since it launched in 2008.
The company is so unpopular it has spawned its own hate blog, “Upset
Freelancers’ Union Members,” where those who buy their healthcare from FIC meet
to complain, strategize, and give each other tips on how to navigate
labyrinthine restrictions and try to get results from the notoriously
frustrating customer service hotline.
In 2011, the New York State Insurance
Department ranked FIC dead last in customer satisfaction among insurers.
Despite its relatively small size, FIC had the most complaints of all the
state’s insurance providers. Last year, FIC again ranked “worst” in complaints.
The National Association of Insurance Commissioners says FIC’s complaint rate
is more than seven times the national average.
In half the complaints lodged against
FIC by its customers, the insurance department ruled that “the health insurer
did not comply with statutory or contractual obligations.”
None of this stopped the Obama
administration from handing Horowitz a $340 million loan from the American
taxpayers to start ObamaCare health care cooperatives.
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