Thursday, November 08, 2012

Crony Capitalism At Work Under Illinois’ Health Exchange? « Waking America Up Blog

via Ron Broska… H/T Cal Skinner.

Go read his whole post (link at bottom of this post). ( I’m “woke” because very good friend laid off from his healthcare related job yesterday and I haven’t been able to sleep)
Tell me these exchanges would turn out to be Stu Levine style sources of ongoing corruption.
A few weeks ago, several local outlets ran a story about, in a wonderfully bi-partisan move, a small start-up business was being recommended for a $150 million dollar federal loan so they could build Illinois’ healthcare exchange under the Affordable Care Act. ( http://www.modernhealthcare.com/article/20121011/INFO/310119991/illinois-governor-senators-back-proposed-health-insurance-co-op# )

The company, SimpleHx, was founded by a group of MBA candidates from Northwestern University last year. From looking at there website, www.simplehx.org, it doesn’t appear that they have any clients yet. Their website reads more like a business prospectus for investors rather than information on a fledgling business or non-profit. They refer to their “members”, but they make no mention of the names of their leadership. Somehow, this group has won the support of Governor Pat Quinn (D), Senator Dick Durbin (D), Senator Mark Kirk (R), Representative Jan Schakowsky (D), and Representative Mike Quigley (D). They are being recommended for a $150 million dollar loan from the tax payers to help make healthcare more affordable.
Crony Capitalism At Work Under Illinois’ Health Exchange? « Waking America Up Blog

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