ObamaCare Can't Account for Almost $3 Billion In Subsidy Payments

Investor's Business Daily ^ | 06/17/2015 | Staff

[IBD editorial writer]

Fiscal Responsibility: Now we learn that the Obama administration doesn't know whether billions in subsidies it paid out to insurers were appropriate. Yeah, this law is working just great.

[Gaffer]

So.....they just stood in a room and threw up all the cash into the air, and Allah took what he wanted?

[clearcarbon]

"ObamaCare Can't Account for Almost $3 Billion In Subsidy Payments"

This was predictable even before the bill was passed. Three billion is probably a low estimate.

[Recompennation]

A country currently being run by adjectives.

[Adder]

Yeah, this law is working just great.

A cynic might posit that its working as intended.

[HarleyLady27]

shouldn’t be surprised at anything the o’s do....all the vacations, parties at the white house...there’s part or all of the money right there.....

[SMARTY]

What? Only 3 Billion is missing?

I’m surprised.

[Lion Den Dan]

A cynic might posit that its working as intended.

Of course it is. The Democrat Party and the Obama administration, like the Clintoons, are nothing more than a criminal money laundering operation.

[Kozak]

No big deal.
Just OPM.
“Other People’s Money”

[Liz]

The Untraceable ObamaCare billions---truly govt fraud at its finest

<><> ObamaCare Can't Account for Almost $3 Billion In Subsidy Payments to insurers;

<><> $9 billion missing---conned by Michele's pal for the dumb Obamacare web site;

<><> $4 billion Harry Reid attached to a Medicare bill to buy Mary Landrieu's Obamacare vote----still missing.

<><> $6 billion tax dollars for PR---still missing:

REFERENCE---- ACA SEC. 4002. PREVENTION AND PUBLIC HEALTH FUND.

(a) PURPOSE. It is the purpose of this section of the Affordable Care Act (Obamacare) to establish a Prevention and Public Health Fund (referred to in this section as the ‘‘Fund’’), to be administered through the Department of Health and Human Services, Office of the Secretary, to provide for expanded and sustained national investment in prevention and public health programs to improve health and help restrain the rate of growth in private and public sector health care costs.

(b) FUNDING.—There are hereby authorized to be appropriated, and appropriated, to the Fund, out of any monies in the Treasury not otherwise appropriated—

(1) for fiscal year 2010, $500,000,000;
(2) for fiscal year 2011, $750,000,000;
(3) for fiscal year 2012, $1,000,000,000;
(4) for fiscal year 2013, $1,250,000,000;
(5) for fiscal year 2014, $1,500,000,000; and
(6) for fiscal year 2015, and each fiscal year thereafter, $2,000,000,000.

(c) USE OF FUND.—The Secretary shall transfer amounts in the Fund to accounts within the Department of Health and Human Services to increase funding, over the fiscal year 2008 level, for programs authorized by the Public Health Service Act, for prevention, wellness, and public health activities including prevention research and health screenings, such as the Community Transformation grant program, the Education and Outreach Campaign for Preventive Benefits, and immunization programs.

(d) TRANSFER AUTHORITY.—The Committee on Appropriations of the Senate and the Committee on Appropriations of the House of may provide for the transfer of funds in the Fund to eligible activities under this section, subject to subsection (c).

=============================================

WHERE IS THE MONEY?

FBI TIPS PAGE https://tips.fbi.gov

[airborne]

I’m sure ISIS or the Muslim Brotherhood are putting the $3 Billion to good use.

[freedomfiter2]

Check Obama’s back pocket.

[Liz]

WHERE IS THE MISSING OBAMACARE BILLIONS?

FBI TIPS PAGE https://tips.fbi.gov

The FBI should: (1) check-out Obama's two "foundations" (two that we know of). (2) Check-out Valerie's wire transfers, cell phone records, and hard drives. (3) Check- out Obama's offshore accounts. And for good measure, (4) check-out the cunning Clintons' get-rich-quick foundation formula.

=============================================

THE OBAMAS GET READY FOR THE BIG FOUNDATION PAYDAY Obama isnt even out of office yet---and already has two foundations (that we know of).

(1) "The Obama Foundation" announced the location of its library in Chicago.....revving up the next ex-president's money machine.

(2) The second Obama foundation----The Barack H. Obama Foundation (BHOF)---(named after their dad), was fast-tracked by Lois Lerner for IRS tax-exempt status....for Malik Obama, Barack's half brother.

The BHOF is based at a Virginia UPS store, according to its website. The organization’s IRS filings list another Virginia address that is actually a drug rehab center where the foundation does not appear ever to have been based.

As first reported by The Daily Caller, the foundation was speedily approved for IRS exemption by Lois Lerner, the self-same IRS senior official at the center of the targeting of conservative organizations that have waited over two years to receive tax exempt status. The IRS thoughtfully gave Obama Foundation retroactive fund-raising status.......which it stupidly never applied for.

The tax-exempt Barack H. Obama Foundation is run by Abon’go “Roy” Malik Obama, the half-brother of Barack Obama.

The foundation’s mission statement is “to provide people everywhere with resources to uplift their welfare and living standards in memory of dad---Barack H. Obama: in the region of his birth, Kenya, and beyond.” Its guiding principle is “the inherent belief that no one can truly enjoy the riches he has reaped if his neighbor suffers....."We seek to elevate the human condition so that everyone can live in dignity and truly enjoy having one another as neighbors.”

(waiting for hysterical laughter to die down)

Despite raising more than $250,000, the alleged charity doesn’t seem to have done much. Its website claims the organization has built a madrassa and was building an imam’s house as well as some “proposed latrines,” but there is no other evidence that the nonprofit was working to “mitigate social-shortcomings in areas of education and literacy, health and well-being, poverty, and lack of community infrastructure in such basic needs such as water, electricity, shelter and sustenance,” as the site says.

Alton Ray Baysden, a former Dept of State employee, allegedly a registered Republican, who helped start the Barack H Obama foundation, declined to comment before seeing copies of a reporter’s passport and govt ID, along with a description of the article’s “motivation” and “slant.”

Repeated reporters' phone calls went to the organization’s voicemail and were not returned.

Malik spends most of his time in Kenya with his 12 wives while Obama finances his half brother, Malik, a major fundraiser for the Muslim Bortherhood.

MORE HERE http://shoebat.com/shoebat-foundation/obamas-wahhabist-fundraising-empire

Kenya-resident, Malik Obama in Muslim dress, holds up
photo of his half brother Obama in Muslim dress, taken
during an earlier visit.

==================================================

WHERE IS THE MISSING OBAMACARE BILLIONS?

FBI TIPS PAGE https://tips.fbi.gov

The FBI should: (1) Check-out Obama's two "foundations" (two that we know of). (2) Check-out Valerie's wire transfers, cell phone records, and hard drives. (3) Check-out Obama's offshore accounts. And for good measure, (4) check-out the cunning Clintons' get-rich-quick foundation formula.

[uncitizen]

Check ISIS and AlQaedas bank accounts

[Buckeye McFrog]

The Obama Administration. Home of the $3 Billion Rounding Error.

[PoloSec]

My immediate thought on your comment... Man ain’t that the truth!

[MrB]

No, democrat contractors and bureaucrats pocketed the money and other democrats looked the other way.

[Gaffer]

Same difference to me.

[poobear]

Fake sign ups. It’s a feature! The pillage continues!