HHS to loan $4B for health co-ops, says one-third might default

The Hill reports:

The Obama administration on Monday rolled out nearly $4 billion in loans for a program established by the healthcare reform law, but said roughly one-third of those loans could end in default.

The loans will help establish insurance co-ops, a nonprofit model created by the reform law. The Health and Human Services Department on Monday released the first proposed regulation for co-ops.

The Chicago Way of corruption!