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.”
It's bad enough that federal, state and local governments impose new regulations so rapidly that few employers can even familiarize themselves with them, let alone comply with them.
Compounding that problem, overzealous bureaucrats and prosecutors sometimes target businesses and people via statutes bearing no logical connection to the behavior in question.
For example, consider a case currently before the United States Supreme Court. There, federal prosecutors exploited Sarbanes-Oxley, which Congress passed in 2002 to address financial and accounting misdeeds at publicly traded…
"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