Saturday, February 27, 2016

Obama Admin. Plunders Medicaid and Medicare

The Democratic Party is the federal mafia.  Barack Obama has installed progressive capos at the head of federal bureaucracies and is plundering the U.S. treasury.  The latest shakedown happened at the Department of Human and Health Services and Centers for Medicaid and Medicare.  Secretary Sylvia Burwell diverted billions of taxpayer monies from programs designed to help the poor and elderly to insurance companies that conspired with the Obama administration to force citizens to buy their product.

At issue for lawmakers on the House Energy and Commerce Committee is whether the Centers for Medicare and Medicaid Services violated the Affordable Care Act by diverting $3.5 billion intended for the U.S. Treasury to insurance companies.
“[Earlier this month], the administration announced that they would be using billions of taxpayer dollars to make payments to insurance companies under the Obamacare reinsurance program,” Rep. Joe Pitts, R-Penn., said Wednesday during a hearing with Department of Health and Human Services Secretary Sylvia Mathews Burwell.
“The announcement that the administration made represents an illegal wealth transfer from hardworking taxpayers to insurers,” he continued, “and this law is very clear—$5 billion of reinsurance fees must be returned to the taxpayers.
Experts have pointed out that with the absence of payments to the U.S. Treasury in 2014 and 2015, the Centers for Medicare and Medicaid Services owes the U.S. Treasury $3.5 billion in payments from the transitional reinsurance program—$2 billion for 2014, and $1.5 billion for 2015.

Laws?  Progressives don’t need stinking laws.


No comments: