Another Promise Kept: POTUS Trump To End Massive Obamacare Subsidy (VIDEO)
President Trump is taking action amid unprecedented non-cooperation from Congress. On Thursday night, the White House announced it is ending critical subsidies to insurers.
The move is a huge blow to the law.
Trump administration to end cost-sharing reduction payments to insurance companies under Obamacare. pic.twitter.com/b8QaDkV4QV
— Josh Caplan (@joshdcaplan) October 13, 2017
— ABC News (@ABC) October 13, 2017
Fox News reports:
President Trump plans to halt payments to insurers under the Affordable Care Act “immediately,” in a major blow to ObamaCare that is likely to draw a legal challenge.
The president, though, used the overnight decision to up pressure on Democrats to negotiate a “fix” to the “imploding” health care law.
“The Democrats ObamaCare is imploding. Massive subsidy payments to their pet insurance companies has stopped. Dems should call me to fix!” he said in a pre-dawn tweet on Friday.[…]
The White House said in a statement that the Department of Health and Human Services has determined there is no appropriation for so-called cost-sharing reduction payments to insurers under the ObamaCare law.
The move comes as the President’s frustration with the “do-nothing Congress,” reaches new heights. It also comes at a time where we learn former President Obama nefariously used the IRS to push the now “imploding,” healthcare plan.
In 2013 after Democrats passed the law it was discovered that the Democrats (with no Republican votes) stuffed the law with a provision that reimbursed insurance companies up to 80% of their losses due to Obamacare.
Melissa Francis reported the provision on FOX News:
“Marco Rubio has been out highlighting the fact that there is this ‘risk corridor’ where written into this law that nobody read is this idea that is insurance companies have 3% higher costs than they estimated as a result of who’s in these pools, they can recoup 50% of that money from the government, from you and me. 8% higher than what they estimated, they can recoup 80%!… This bailout of the insurance companies is the next big thing we’ll all be talking about.”
And, here we thought Democrats hated insurance companies.
In related news…
Judicial Watch recently announced they received documents from the IRS revealing the Obama IRS coordinated with the Department of Health and Human Services and the Obama White House Behavioral Sciences “Team” in a $5 million program to pressure Americans to sign up for Obamacare.
Even worse, the documents also contain inter-agency agreements between the IRS and the Centers for Medicare and Medicaid Services (CMS) devised to circumvent potential legal prohibitions on unauthorized disclosure or inspection of taxpayer information collected by the IRS, says Judicial Watch.
If Obamacare is so great, why did they have to bully and threaten Americans like a mafia shakedown?
Via Judicial Watch:
It appears that the Obama administration KNEW they were possibly violating the law regarding taxpayer confidentiality. They also sent this disclosure:
Inspection or disclosure by employee of United States
If any officer or employee of the United States knowingly, or by reason of negligence, inspects or discloses any return or return information with respect to a taxpayer in violation of any provision of section 6103, such taxpayer may bring a civil action for damages against the United States in a district court of the United States.
According to JW, HHS may have overstepped its authority by threatening people with penalty fees.
How much will my penalty be next year if I don’t sign up?
The penalty for not having any health-coverage or an exemption in 2017 will be at least $695 per adult and $347 per child (up to $2,085 per family), and could be more, depending on your income.
President of Judicial Watch Tom Fitton had this to say about the new Obama IRS scandal uncovered:
“So now we have more evidence of more Obama IRS abuses targeting innocent Americans – all in the name of Obamacare. No wonder it took a federal lawsuit and court order to get these documents—as they show the Obama White House and its agencies were happy to threaten and treat Americans like lab rats in order to bolster Obamacare.”
This new development shouldn’t surprise us as this is the same IRS that gave a Satanic group tax exempt status in 10 days while Christian groups waited years.