There's millions of reasons why Sen Schumer (Dem-NY) is celebrating the defeat of the Obamacare repeal.
A Massive Healthcare Fraud Ring In Brooklyn
by Russian constituents of Sen Charles Schumer
By Julia Ioffe, NY Magazine, published March 2, 2012
In March 2012, thirty-six Russians---Soviet immigrants----were arrested in Brooklyn, New York for plotting to bilk US health-insurance companies out of a quarter of a billion tax dollars.
The plot, according to the NY Times, involved ten doctors, nine clinics, and a hundred and five corporations: “The ring falsified official US govt documennts demanding tax dollars----reimbursements for a mountain of excessive and unnecessary medical treatments that were never done.
The Russian fraudsters were so brazen that they already had in-place three separate billing-processing companies just to handle the paperwork.....to get the tax dollars into their greedy hands faster.
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STORY SOURCE: MEDICAID FRAUD IN BRIGHTON BEACH, BROOKLYN
http://www.nytimes.com/2012/03/01/nyregion/dozens-said-to-be-arrested-in-health-care-fraud-scheme.html
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NOTES---What’s remarkable here is just how unremarkable the story is, coming, as it does, out of Sen Schumer's district-----the Russian-centric Brighton Beach, Brooklyn.
Brighton Beach, Brooklyn, is famous for its Russian delicacies, entertainment, a population of highly-inflected Russian dialects, but mostly for its concentration of insurance fraud.
The NY Times reports, “Brighton Beach has one of the highest rates of health care fraud in the nation, according to federal statistics.
An analysis from the Centers for Medicare and Medicaid Services (agency regulates the two programs), shows that more health care providers in the Brighton Beach ZIP code.....Sen Schumer's district..... are currently barred from then-current healthcare programs for malfeasance than in almost any other ZIP code in the United States.
Thanks to Sen Schumer, Obamacare is theirs for the taking.
ACA architect,
MIT economics prof Jonathan Gruber, argued that perceived rising premium costs are really a one-time increase in 2016 to cover “massively underpriced” policies for the first two years of the 2010 law. He also said the increase “fixed” the problem because insurance companies were seeking signs of profitability and talking optimistically about continued participation in the program. I guess Obama didn't let Gruber in on the "billion dollar secret." Probably Obama was depending on Gruber's stupidity (smirk).
"Now, I don't want you insurers to worry; when you start
losing money, we are going to jump in and bail you all out."
Obama Siphoned off Billions in GSE Dividends To Prop Up OBAMACARE
ZeroHedge ^ | April 2, 2017 / FR Posted on by Zakeet
Earlier this month, Harvard Ph.D. Jerome Corsi of InfoWars (@jerome_corsi) and a CPA "who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac," confirmed a 2012 scheme hatched by the Obama administration.
The audacious looting involved funnelling hundreds of billions in dividends from Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac to prop up the failing Obamacare program - by paying subsidies to insurers to remain in the system. [Snip]
The conclusion reached by Corsi and others is that this was probably illegal. In fact, House Republicans actually sued the Obama Administration in 2014 over the fact that the subsidies to insurers weren't appropriated by congress and won, which the Obama administration appealed.
Zerohedge and the Atlanta Journal Constitution pointed out last week, the Trump administration has until May 22nd to decide whether or not to pursue the appeal: (Excerpt) Read more at zerohedge.com ...
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The Royal Idiot doesn't know much........ but he learned in "the community" that laws don't matter.
The half-caste misfit could care less about US laws: that monies designated for one use cannot be appropriated for another.