(USA Today) Federal officials still don't how much they will recoup of the $1.2 billion they spent on loans and startup costs for a dozen health care cooperatives that later failed, a top regulator said Thursday.
"We are working closely with the Department of Justice,'' Andy Slavitt, acting administrator for the Centers for Medicare and Medicaid Services, told the Senate Finance Committee. “We have taken the first step calling the loans."
Slavitt's agency has jurisdiction over the health care co-ops (for consumer operated and oriented health plans), created under the 2010 Affordable Care Act. Federal regulators are looking at making claims on money still owed to the failed co-ops and can recover additional money through audits.
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