Treasury Dept. Approves $3 Billion Transfer to Insurance Companies that Congress Denied
A letter from House Ways and Means Chairman Paul Ryan (R-WI) demands an explanation from the Treasury Department on why it allowed $3 billion in payments to ObamaCare insurance companies that Congress never approved.
In a well-documented piece, Philip Klein gives a disturbing summary of the Obama administration deliberately refusing to follow the law.
“At issue are payments to insurers known as cost-sharing subsidies,” writes Klein. “These payments come about because President Obama’s healthcare law forces insurers to limit out-of-pocket costs for certain low income individuals by capping consumer expenses, such as deductibles and co-payments, in insurance plans. In exchange for capping these charges, insurers are supposed to receive compensation.”
More than 7 million Americans have had almost a year to experience affordable health insurance under ObamaCare.
Many want out.
A recent New York Times piece explains the plight of Patricia Wanderlich, a 61 year-old resident of Chicago who suffered a brain hemorrhage in 2011. She needs an annual brain scan to monitor whether the damage from the hemorrhage and a subsequent aneurysm is getting worse.
Unfortunately, Wanderlich’s annual deductible is $6,000, meaning she is responsible for paying for most of her medical expenses up to that threshold.
As a part-time worker, she can’t afford…
"Hillary Clinton's lack of transparency is newsworthy as investigators attempt to ascertain her work around the time of the September 11, 2012, terrorist attack in Benghazi. Certainly the media could stay quite busy investigating how Clinton communicated with her colleagues and the White House, how secure her email communications were, whether they were hacked, who was privy to this law-breaking (…[more]
—Mollie Ziegler Hemingway, The Federalist Senior Editor
— Mollie Ziegler Hemingway, The Federalist Senior Editor