Pages

Wednesday, October 05, 2016

Obama administration may use obscure fund to pay billions to ACA insurers

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 president’s 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.

More

4 comments:

Anonymous said...

Well, he can't use the profits from it, that all went into the politicians running the programs. What now?

Anonymous said...

The theft of america is happenng before our very eyes. I pray very hard the good lord will intervene.

Anonymous said...

I wonder what Moochelle's college roommates are up to now?

lmclain said...

NOW, we all know where our promised "$2500 in savings" went.

It went to an "obscure" fund designed to make sure the already extremely wealthy insurance executives could still buy that house in Hawaii overlooking the Pacific and send their kid to Harvard (while YOUR kid went to Afghanistan).
The middle class is deliberately being crushed.
But your "leaders" think the insurance people need more help than YOU.
And you vote for them, over and over and over!!
Buy insurance you can't afford and can't afford to use. Or the government will FINE you!!! Someone has to help buy them that mansion and it just happens to be "we, the people".
Keep cheering.