By Peter Sullivan in The Hill

January 21, 2016

Senators on Thursday pressed a top ObamaCare official over a string of failures in non-profit health insurers known as co-ops.

Twelve of the 23 co-ops, set up under ObamaCare to compete with larger private insurers, have gone out of business due to financial problems.

The Senate Finance Committee on Thursday questioned Andy Slavitt, the acting administrator of the Centers for Medicare and Medicaid Services (CMS), about the roughly $1.2 billion in government loans that went to the failed co-ops and why the administration did not pick up on problems sooner.

Read more at The Hill