Insurance Industry Campaigns To Keep Unlawful ObamaCare Cash

When is a government program not a government program?

When the insurance industry says it isn’t.

In its effort to keep billions in unlawful Obamacare corporate subsidies flowing, the industry is trying to persuade Congress that it receives no federal funds through the federal “reinsurance” program. Good luck with that.  Read more.

Walls Closing In On Obamacare Lawlessness

Congress and the courts are losing patience with the government's lawless implementation of Obamacare, which involves unlawful expenditures to subsidize insurance companies. [Credit:forbes.com]

Congress and the courts are losing patience with the government’s lawless implementation of Obamacare, which involves the diversion of billions in taxpayer dollars from Treasury to insurers. [Credit:forbes.com]

The Obama Administration is unlawfully diverting billions of dollars from taxpayers to insurance companies that sell Obamacare policies.

That is the conclusion reached in a legal opinion letter written to the Galen Institute by former Ambassador and White House Counsel Boyden Gray. Read more on Forbes.com.

Obamacare’s Tax-Subsidized Failure

Here’s some bad news for the insurance industry: Unexpectedly generous corporate subsidies didn’t save companies selling Obamacare policies from bleeding red ink.

The worse news: Those subsidies are set to expire in 2017, meaning that insurers will have to make ends meet without billions in handouts.  Read more at National Review Online.

You can also read the Mercatus Center study that Brian Blase, Ed Haislmaier and I wrote here.

Will HHS Get Away With A $3.5 Billion Heist?

CMS administrator Andy Slavitt has a $3.5 billion problem. Will Congress and presidential candidates talk about it? [Credit:nextgov]

CMS administrator Andy Slavitt is planning to short the U.S. Treasury $3.5 billion. Will Congress and presidential candidates talk about it? [Credit:nextgov]

The Department of Health and Human Services (HHS) announced Friday night that it was in the process of shorting the U.S. Treasury $3.5 billion.

Well, they didn’t exactly announce it.  You had to read between the lines. Continue reading

What We Know And Don’t Know About Obamacare, Part II

More than five years after its enactment there still are many questions about whether Obamacare is working. Here are four of them.

More than five years after its enactment there still are many questions about whether Obamacare is working. Here are four of them.

My previous post discussed what we know about Obamacare as its third open enrollment season begins.  Here are four major questions about the future of Obamacare that remain unanswered.

Can insurance companies make money in the exchanges without corporate welfare? Obamacare contains some very expensive sweeteners to entice insurance companies to sell through the exchanges. These include risk corridor payments and $20 billion over three years in inaptly named “reinsurance” payments, money government takes from participants in group health plans and gives to insurers that participate in the exchanges. Both are scheduled to end in 2017.

Continue reading

Obamacare’s Next Chapter

Chief Justice John Roberts ' opinion in King v. Burwell betrayed widely-held misconceptions about health insurance markets.  [Credit: Human Events]

Chief Justice John Roberts ‘ opinion in King v. Burwell repeated widely-held misconceptions about health insurance markets.  Conservatives should take note. [Credit: Human Events]

“The Patient Protection and Affordable Care Act grew out of a long history of failed health insur­ance reform.” Chief Justice John Roberts, in upholding Obamacare subsidies.

Obamacare is the newest chapter in that long history of failed health insurance reform.  Conservatives who hope one day to replace it would do well to learn from its errors and conceits. Continue reading

Why Obamacare Subsidies Matter

Protesters gathered outside the Supreme Court yesterday as judges heard arguments over the legality of Obamacare subsidies. [Credit: AP]

Protesters gathered outside the Supreme Court yesterday as judges heard arguments over the legality of Obamacare subsidies. [Credit: AP]

The future of Obamacare hangs on the Supreme Court’s ruling in King v. Burwell for a very good reason: unless health insurance is subsidized, millions of Americans don’t want it, even if they can afford it. Continue reading