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.”
Throughout our nation's history, Americans have taken justifiable pride in cultivating a domestic climate that attracts innovators, entrepreneurs and businesses from across the globe.
In recent years, however, our tax laws and federal regulations have eroded our international competitiveness. Paradoxically, that has occurred during a period in which increasing globalization demands improvement, not regression.
Unfortunately, new rules announced by the Obama Administration will make the situation worse, not better. Instead of fixing the problem, they seek to compound it. …
"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