A letter from House Ways and Means Chairman Paul Ryan (R-WI) demands an explanation from the Treasury…
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.”