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.”
A new Government Accountability Office report says the primary agency charged with ObamaCare’s implementation can’t verify how much it’s spending to promote the controversial health law.
ObamaCare’s in-house marketing job is the responsibility of the Center for Consumer Information and Insurance Oversight (CCIIO), an arm of the Centers for Medicare and Medicaid Services (CMS).
CMS is the federal agency primarily responsible for implementing ObamaCare, which includes doling out millions of dollars through CCIIO to hire outside consultants to conduct “polling, focus…
"The IRS's inspector general confirmed Thursday it is conducting a criminal investigation into how Lois G. Lerner's emails disappeared, saying it took only two weeks for investigators to find hundreds of tapes the agency's chief had told Congress were irretrievably destroyed. Investigators have already scoured 744 backup tapes and gleaned 32,774 unique emails, but just two weeks ago they found an…[more]