HHS IG fears Obamacare co-ops will run out of money before enrolling first customers

http://washingtonexaminer.com/hhs-ig-fears-obamacare-co-ops-will-run-out-of-money-before-enrolling-first-customers/article/2534006

Most of the 24 health care co-ops created under Obamacare are in danger of running out of money before they even begin offering health insurance to consumers, according to the Inspector General for the Department of Health and Human Services.
The 24 nonprofits, intended to create competition for private insurance companies, are funded by a $2 billion loan program authorized by Obamacare to cover their startup costs. The co-ops are expected to become self-sustaining and repay their loans with interest.
But 11 of the 16 co-ops the IG reviewed said they expect startup costs to exceed what they received from the Department of Health and Human Services via the loans, and none of those reviewed by the IG have enough private support to fund them once they're up and running, even though private support was one of the criteria for preference during the loan award process.