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.”
Dishonesty was required to pass ObamaCare. Stupidity might be enough to elect the Congress that repeals it.
By now, many Americans are all-too-familiar with Obama’s 29 videotaped assertions to Americans that, “If you like your healthcare plan, you’ll be able to keep your healthcare plan.”
Obama’s message was unmistakably clear: When implemented, ObamaCare will leave the choice of which insurance to buy completely up to the consumer.
In other words, ObamaCare is being created to benefit other people, but it won’t impact you. Millions of voters took the President…
"When Netanyahu walks to the podium of the House of Representatives on March 3, he'll undoubtedly have in mind an earlier speech given by a foreign leader to a joint meeting of Congress. On December 26, 1941, Winston Churchill addressed Congress, though in the smaller Senate Chamber rather than in the House, as so many members were out of town for Christmas break. Churchill enjoyed the great advantage…[more]