Posted on 09/30/2016 7:32:22 AM PDT by Semper911
The Obama administration is maneuvering to pay health insurers billions of dollars the government owes under the Affordable Care Act, through a move that could circumvent Congress and help shore up the presidents signature legislative achievement before he leaves office.
Justice Department officials have privately told several health plans suing over the unpaid money that they are eager to negotiate a broad settlement, which could end up offering payments to about 175 health plans selling coverage on ACA marketplaces, according to insurance executives and lawyers familiar with the talks.
The payments most likely would draw from an obscure Treasury Department fund intended to cover federal legal claims, the executives and lawyers said. This approach would get around a recent congressional ban on the use of Health and Human Services money to pay the insurers.
...A settlement probably would rely on Treasurys Judgment Fund, a 1950s creation that is allowed as much money as it needs to satisfy valid claims against the government.
(Excerpt) Read more at washingtonpost.com ...
The coup has happened.
The GOPe = Managing the decline.
A good, thorough article:
http://healthaffairs.org/blog/2016/06/27/obama-administration-threads-needle-in-risk-corridor-case-brief/
“...Near the end of 2014, however, Congress attached a rider to its 2015 appropriations bill, providing that the risk corridor program had to be revenue neutral CMS could only pay out funds under the program that it collected under the program. Congress has renewed this rider for 2016 as well.”
They were paid accordingly.
Interesting CRS report that says even if the insurance companies won- through the malfeasance of the administration- they would not be able to collect from the Judgment Fund.
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwif4YCW6LfPAhXFRiYKHU2cC_0QFggcMAA&url=http%3A%2F%2Fwww.rubio.senate.gov%2Fpublic%2F_cache%2Ffiles%2F1dc92ef8-c340-4cfd-95c0-67369a557f1e%2F2AA5EF8F125279800BFABC8B8BA37072.05.24.2016-crs-rubio-memo-risk-corridors-1-5-16-1-redacted.pdf&usg=AFQjCNHRRhquU9LHhTEZUg2KVKcOxKivew&bvm=bv.134495766,d.eWE
BTW this was put in the infamous Cromnibus bill.
Another Obama-Hillary “success” story.
They may sell lies; they sell nothing but lies.
But, eventually, the Day of Reckoning comes about on those lies - they’re trying to run out the clock so that fools and idiots keep supporting Hillary. /Captain Obvious
The country is beyond bankrupt and Obamacare was a huge lie, as we all knew and warned, yet very few listened.
Reality is coming, liberals. One even you can’t deny when the country goes belly-up. Of course they’re trying to push it into the next Admin if it’s Trump. Either way, the reality is eventually coming how poor, naked and destitute the country really is.
7 insurers are suing the gov’t including 4 of the 6 remaining co-ops.
Could be 2 of the remaining co-ops I meant. If 2 have already closed are suing then they messed up “remaining”. Then you get 4 but it doesn’t seem like “6 remaining”.
Perhaps they only remain for judgement - not for business.
Yes, it was kinda messed up.
“Fund intended to cover Federal legal claims”
That money would include the money the Feds were told to pay Wayne Hage & his estate over a long fight over grazing rights & fences CUT by Federal employees.
The estate was to receive over $14 million with interest climbing daily.
bkmk
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