As you can see, these executives are paid very well for their efforts.
The article reports:
More than a million Americans have enrolled in the 23 non-profit Obamacare co-ops since they began in 2011. The co-ops were intended to be consumer-operated non-profits focused on delivering healthcare to the working poor and others needing health insurance.
Eighteen of the 23 co-ops paid their top executives prodigious salaries ranging from $263,000 to $587,000, according to 2013 IRS tax filings.
The high take-home pay for the “nonprofit” executives appears to violate both federal law and Obamacare rules prohibiting “excessive executive compensation.”
I strongly suggest that you follow the link above to read the entire article, but here are two examples of your tax dollars at work:
The top paid co-op executive was Thomas Policelli, CEO of Massachusetts’ Minuteman Health. He was awarded $587,000 in 2013, according to the co-op’s tax return. Minuteman was also among worst performing Obamacare co-ops, reporting only 1,700 enrollees at the end of 2014.
Minuteman’s cash-burn rate was 53 percent, with a net operating loss of $21 million last year, according to an analysis by Galen’s Turner and Thomas Miller, a senior health fellow at the American Enterprise Institute.
In nearby Connecticut, HealthyCT paid Kenneth Lalime $352,000. The co-op reported total enrollment of only 7,966 and suffered operating losses of $28 million. Standard & Poor’s estimated its cash-burn rate at 61 percent.
It is not news that the private sector runs things better than the government. You would think that after all the years that we have seen government waste and inefficiency, we would have learned that lesson by now. Healthcare needs to be part of the free market. There need to be things in place to help people who need assistance in obtaining health insurance because of their financial situation or because of a pre-existing condition, but generally speaking, healthcare needs to operate in a free market environment. It is obvious that ObamaCare has because a government money hole that will eventually provide poor quality healthcare to everyone who is enrolled in it. There is a reason that the Supreme Court, despite their obvious belief that ObamaCare should stand, is not enrolled in ObamaCare.