On Tuesday, TheDCNF reported that 18 of the 23 operating non-profit co-ops paid their top executives salaries ranging from $263,000 to $587,000, according to 2013 IRS tax filings. Those figures appear to violate federal laws and regulations barring “excessive compensation” for tax-funded enterprises.
The co-ops were intended to be federally funded consumer-operated non-profits competing with private sector insurers in delivering healthcare to the working poor and others without health insurance.
More than a million Americans have enrolled in the co-ops since they began operating in 2011 with $2 billion in start-up funding included in Obamacare. The co-ops are overseen by the Department of Health and Human Services’ Centers for Medicare and Medicaid Services.
Aaron Albright, a CMS spokesman, told TheDCNF that “the use of federal CO-OP loan funds is prohibited from, among other restrictions, providing excessive executive compensation.”
Many of the co-op executives are better paid than the President of the United States, Members of Congress, Supreme Court Justices, U.S. cabinet secretaries and all 50 state governors.
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