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Obama finds obscure slush fund to sidestep Congress and loot Treasury to pay billions to Obamacare insurers
Posted By: MrFusion Date: Friday, 30-Sep-2016 10:58:28
www.rumormill.news/57931
The Treasury's Judgement Fund, set up in 1950 without any dollar limit for payment of valid claims against the government, was certainly never intended to allow Presidents to self-fund any program they want in any amount, but that's what exactly what Obama intends to do...
~~~~~~~~~~~~~~~~~~~~~~
Obama administration may use obscure fund to pay billions to ACA insurers
By Amy Goldstein - September 29
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.
~~~~~ continue at ~~~~~
https://www.washingtonpost.com/national/health-science/obama-administration-may-use-obscure-fund-to-pay-billions-to-aca-insurers/2016/09/29/64a22ea4-81bc-11e6-b002-307601806392_story.html
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