The money is gone and it might never come back. That's what some in the Obama administration fear about the more than $1 billion it poured into health insurance co-ops that failed.
Although originally envisioned as an innovative tool to empower health consumers to bring down the cost of insurance, 12 of the 23 co-ops that were part of the PPACA individual marketplace have failed, mostly due to an inability to cover their members' claims.
Critics of PPACA have held up the co-op failures as evidence of incompetence by the administration.
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