Posted on 07/16/2016 12:29:45 PM PDT by Baynative
Senior Obama administration officials took a series of decisions beginning in late 2013 that ranged from the reckless to the illegal in an effort to keep insurers participating in health insurance exchanges.
A report issued last week jointly by the House Ways and Means and Energy and Commerce committees explores how the administration came to unlawfully funnel $7 billion in unappropriated money to insurers through a single ObamaCare program.
(Excerpt) Read more at thehill.com ...
It turns out that millions don't want it, unless premiums are steeply discounted. ObamaCare does the opposite for people in relatively good health, requiring insurers to overcharge them for a product they may not want or need, while discounting premiums for those in poorer health.
The result is a dysfunctional "market" that attracts high-risk enrollees and repels low-risk ones, leaving insurers with a losing proposition: a pool of customers who are disproportionately older, less well and paying premiums that are too low to cover their medical bills.
When the consequences of this dysfunctionality dawned on the administration, panic set in, prompting a series of regulatory improvisations providing for the payment of billions in corporate subsidies to the insurance carriers. Senior Obama administration officials took a series of decisions beginning in late 2013 that ranged from the reckless to the illegal in an effort to keep insurers participating in health insurance exchanges.
Although the administration is not especially fond of insurers (as the president demonstrated this week with his renewed embrace of the "public option"), the exchanges would collapse without them. To avoid the political embarrassment of insurers withdrawing en masse from the exchanges, it has chosen to supply them with unlawful payments and stonewall congressional inquiries into this misconduct."
So why wasn't Obama impeached in the GOP-controlled Congress?
“...the administration came to unlawfully funnel $7 billion in unappropriated money...”
Yet another wise use of the money they take from Americans every year.
Well, heck, it’s only seven billion dollars!
The 2008 subprime collapse?
The insurance company would have done the same.
And it WILL do the same.
They just kicked the an down the road some.
How far off, dunno.
Oh, well, panic, then. Just so long as there’s a reason. Otherwise Congress might have to do something.
Uhm, where did they get this money. Did they have the Fed print it up for them?
this is why obammy is campaigning so hard for hildabeast.
gotta keep the scam rolling to avoid prosecution.
Laws mean nothing to these parasites. Nothing.
F U B O!
Better question where did the money come from? If it was not appropriated for this it came from some other appropriation. Which One?
A report issued last week jointly by the House Ways and Means and Energy and Commerce committees explores how the administration came to unlawfully funnel $7 billion in unappropriated money to insurers through a single ObamaCare program.
...
Who will be held accountable?
Nobody.
Think about this: Between the $7 billion mentioned here, and the $6 billion Hillary lost somehow as Secretary Of State, that $13 billion would have paid for Trump’s wall.
I have come to the conclusion there is no impeachable possible offense if you are a liberal President.
Especially a minority of female president.
they felt the ends justified the means, and the means were - they had uniparty rule and a crisis to take advantage of...
They are probably trying to make this disaster look like it actually works because they know the next president is going to be republican. That way they can blame it on him when it collapses.
And WHO authorized the disbursement in violation of law? WHO ordered that federal employee to break the law? Where is the money now and what is being done to recover our tax dollars?
it wasn’t panic. lawlessness is just their SOP.
Because there's not a single testicle between the lot of them. Cowards. Worthless traitorous cowards!
Impeachment in the House is just a sideshow.
There’s no way you’ll get 13 Senate Democrats to vote to convict.
NO WAY
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