Loan for $340 million insurance co-op goes to Obama ally despite complaints about group

Rep. Darrell Issa (R-Calif.), chair of the House Committee on Government Oversight and Reform, is trying to get answers about taxpayer losses from ObamaCare loans. (Screen snip: Issa on Facebook)It seems every federal agency has a loan pot these days.

Now taxpayers have learned the U.S. Dept. of Health and Human Services Center for Consumer Information & Insurance Oversight is handing out money for ObamaCare, the bill Dems officially labeled the Patient Protection and Affordable Care Act (H.R. 3590).

At least one loan totaling $340 million went to a New York based group called Freelancers Insurance Company founded by an ally of President Barack Obama.

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‘Medi-Scare’ works for Democrats who also targeted Medicare

Updated on Thursday, May 26, 2011 at 11:58AM by Kay B. Day, Editor

Bloggers and readers are engaged in a shouting match at present over Wisconsin congressman Paul Ryan’s ‘Path to Prosperity’ and Democrats’ refusal to pass a budget. “Medi-Scare” tactics—denigrating Ryan’s plan for the benefit of Democrats’ political gain—have even been blamed for the GOP loss in a special congressional election in New York. Never mind the fake Tea Party candidate who was actually a Democrat. Most pundits say that faker helped swing the election to the Democrat. Read about the New York candidate’s real political colors at Red State.

What’s worrisome is the propaganda being spewed, and in some cases, the outright advocacy to maintain the status quo in a program that will change whether Ryan’s plan were to be adopted anyway. Fact is the Democrats’ healthcare plan targeted Medicare too.

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