Weatherman2020
Diamond Member
Laws are for little people.
So here's the reason you have nothing to fear from President Hillary, my friends.
The Obama administration failed to follow its own health care law by directing funds to insurers instead of taxpayers, nonpartisan government investigators said Thursday, chalking up a win for GOP critics and denting the White House's ability to satisfy insurers who are losing money under the overhaul.
The Affordable Care Act established a three-year "reinsurance" program to collect funds from participating insurers and then pay a portion to plans that took on costlier enrollees. Yet it was supposed to allocate some of its collections to the Treasury, too.
The administration projected it would take in $10 billion for reinsurance purposes and $2 billion for the Treasury in 2014, the program’s first year.
When collections fell short of estimates, the Health and Human Services Department prioritized payments to insurers over the Treasury, angering Republicans who said the agency put its contentious program over taxpayers, who got nothing.
So here's the reason you have nothing to fear from President Hillary, my friends.
The Obama administration failed to follow its own health care law by directing funds to insurers instead of taxpayers, nonpartisan government investigators said Thursday, chalking up a win for GOP critics and denting the White House's ability to satisfy insurers who are losing money under the overhaul.
The Affordable Care Act established a three-year "reinsurance" program to collect funds from participating insurers and then pay a portion to plans that took on costlier enrollees. Yet it was supposed to allocate some of its collections to the Treasury, too.
The administration projected it would take in $10 billion for reinsurance purposes and $2 billion for the Treasury in 2014, the program’s first year.
When collections fell short of estimates, the Health and Human Services Department prioritized payments to insurers over the Treasury, angering Republicans who said the agency put its contentious program over taxpayers, who got nothing.
