GAO Says CMS Lacks Authority to Bail Out ObamaCare Insurers
It’s been a rough couple of weeks for power-hungry bureaucrats.
Recently, the General Accountability Office (GAO) issued a report faulting the Centers for Medicare and Medicaid Services (CMS) for being unable to produce itemized spending documents, and thus not complying with federal audit guidelines.
This week, the non-partisan government watchdog agency issued a legal opinion saying CMS does not have the authority to bail out ObamaCare-aligned insurance companies, unless Congress agrees.
GAO’s non-binding but influential legal opinion was generated by a request from congressional Republicans concerned about a CMS announcement that it would use money appropriated for other activities to fund ObamaCare’s “risk corridor” program.
This week, a federal judge in Oklahoma ruled that the IRS is violating the terms of ObamaCare by giving tax credits to people buying health plans through Healthcare.gov, the federally owned and operated insurance exchange.
The decision by Ronald A. White, a federal district judge, opens up a new front in the fight to weaken the controversial health law.
As written, the text of ObamaCare only makes subsidies – in this case tax credits – available to people purchasing health insurance on a state-based exchange. Critics of the law say that a straightforward application of the text means…
"Thousands of Americans will see their health plans cancelled before the November elections in a development that could boost critics of ObamaCare. The Morning Consult, a Washington-based policy publication, reported that nearly 50,000 people will lose their current health coverage in the coming weeks. The figure encompasses cancellations announced by insurance departments and providers in Kentucky…[more]