Cooperative (co-op) health insurers are closing at a rate of 46 percent as presidential front-runner Hillary Clinton defends Obamacare on the campaign trail. The Obama administration created the co-ops to act as nonprofit insurers to compete against private insurance companies. The scheme was intended to drive down costs. Now, the co-ops are failing and taking billions of dollars in government loans with them.
A video from the archives, flagged by researcher Rich Weinstein and presented here below, shows that Democrats knew in advance that the co-ops would fail.
The House Democratic Steering Committee hosted Yale professor Jacob Hacker during the last-minute push to pass the bill in December 2009. House Speaker and insurance industry donation recipient