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.”
Last year, during the funeral services for Nelson Mandela in South Africa, President Obama was photographed shaking the hand of Cuban President Raul Castro, a move that infuriated Cuban exiles and all those who oppose the murderous regime in Havana.
At the time, the critics were told that they were overreacting to a gesture that was little more than an exercise in presidential decorum. On Wednesday, that argument was definitively given the lie.
Speaking at the White House, President Obama announced that the Castro regime had agreed to the release of Alan Gross, an aid worker who had been imprisoned…
"Barack Obama wants us all to simmer down about Iran. He wants Senator Bob Menendez, a fellow Democrat, and the donors he represents to butt out of the sanctions debate. He wants Republicans to quit crying wolf about Iran's nuclear weapons program. He wants the media to stop hyping terror threats. He wants the American people in the dark about the secret correspondence he's had for years with Iran…[more]