Obama to Bypass Congress to Pay Obamacare
"Debt", by Kerry Lear
10/3/16
With
only a few months left as president, Obama is scrambling to pay insurance
providers the money they are owed under the Affordable Care Act.
The
Justice Department is trying to settle lawsuits, where the insurance companies
are suing the government for the promised funds.
“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,” writes The Washington Post.
The
government owes $5 billion to insurance companies for the cost of covering
seriously ill patients. Many insurers have lost so much money from
participating in the ObamaCare exchanges, that they have been forced to pull
out.
So
where will the government get these funds? “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,” writes The Washington Post.
Add
this to the list of ways Obama has tried to bypass Congress in his presidency.
The
GOP has been notoriously against the ACA and allowing bailouts for the
insurance industry. “It’s an end run on the clear . . . intent of Congress,”
said Rep. H. Morgan Griffith (Va.).
“One
health plan executive, whose attorney has spoken with Justice officials, said
the department is trying to reach an agreement with suing insurers in the next
two weeks on what percentage of the remaining $2.5 billion would be paid
out.
At
that point, the same offer would be made to every other insurer owed money. A
judge would need to approve the arrangement, according to the executive, who
spoke about the pending litigation on the condition of anonymity,” writes The
Washington Post.
Author’s
Note: Again, when will we stop the bleeding? The ObamaCare is already a proven
failure and now more taxpayer’s dollars will be wasted. Not to mention, Obama
has found another devious way to offer a bailout to the insurance companies.
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http://punchingbagpost.com/obama-to-bypass-congress-to-pay-obamacare-debt
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