Defunct Vt. Health CO-OP hit by US House panel - WCAX.COM Local Vermont News, Weather and Sports-

Defunct Vt. Health CO-OP hit by US House panel

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MONTPELIER, Vt. (AP) - A U.S. House committee that has been sharply critical of the federal Affordable Care Act is directing some of its ire at the defunct Vermont Health CO-OP.

A new report from the House Committee on Reform and Government Oversight says the Vermont Health CO-OP, which dissolved in September after failing to get a state license, cost the taxpayers $4.5 million and was an example of lax federal oversight of co-ops set up under the health care law.

The report cited a state review that found conflicts of interest in the CO-OP's leadership, a low likelihood that it could gain financial footing, and over-compensation of its board chairman, Mitchell Fleischer.

Fleischer did not immediately respond to a call seeking comment.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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