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Here comes the OBAMACARE BAILOUT? Obama administration may use obscure fund to pay billions to ACA insurers

Friday, September 30, 2016 8:50
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(Before It's News)

Oh, America
Oh, America “understands” it.

Hey, the insurers have got to get paid and we’ve got to make sure Obamacare limps through the last few months of Obama’s administration. Between not getting to nominate a Supreme Court Justice, the recent veto override by Congress, the Iran payoff bit, the Comey pass for Clinton, and the racial strife Obama’s not going out well. If Obamacare finally and truly died that’d just be icing on the legacy cake.

(From The Washington Post)

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.

Click here for the article.

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