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Monday, the U.S. Supreme Court ruled that the federal government must pay a group of insurance companies that were promised that their losses would be covered when they took the risk of selling coverage in Obamacare health exchanges.
Congress didn’t pay the bill, and now they are in collections. The bill is due and needs to be paid to the insurance companies that were bribed into that debacle. It hurts to say it, but the lying Obama socialist commies who made the deal were allowed to make the deal, so there it is.
HELP US FIGHT THE LEFT AND KEEP OUR CONSERVATIVE MESSAGE ALIVE [1]
Of course, if Chief Justice John Roberts hadn’t unconstitutionally rewritten the law from his seat of the SCOTUS, we wouldn’t be having this discussion, the law would have been dead eight years ago.
Justice Sonia Sotomayor wrote for the court’s majority, and this quote stung Congress; “The Government should honor its obligations.” This is what happens when one party passes Legislation with zero support from the other party. They jammed it down our throats, but it keeps coming back up.
Via Politico [2] — The Supreme Court on Monday ruled the federal government owes health insurers massive payments from an Obamacare program shielding them from financial risks after the companies accused Washington of reneging on its funding promises.
The 8-1 decision could open the floodgates for federal cash to the insurance industry. Insurers who accused the government of a “bait and switch” claimed they’re owed $12 billion from the Affordable Care Act program.
The case concerned a temporary fund in the health care law intended as a buffer for health plans who had sicker customers than expected in the newly overhauled insurance marketplaces. Obamacare’s drafters hoped the program would be funded by industry, but health plans quickly racked up losses when the marketplaces opened in 2014. The next year, Republican lawmakers approved the first in a series of annual appropriations riders barring HHS from using taxpayer dollars to bankroll the program, known as risk corridors.
The high court agreed with insurers that the congressional spending restrictions didn’t release the government from its original promise to fund the Obamacare program. The court said Congress had created “a rare money-mandating obligation” that later appropriations language couldn’t repeal.
MORE NEWS: [VIDEO] GOP Rep Says Phase III Funds Could Run Out In Next 10 Days; Phase IV Possible [3]
Unfortunately, the Supreme Court justices are just interpreting the law passed by Obama and not repealed. They did not overrule Legislation. As sickening as it is, they are making Congress pay for what they promised. There will be a lot more of this as we start to get into that wonderful period called “Bills Are Coming Due.”
Still, think Obama was perfect?
It eradicated our system. It would have been better and cheaper to expand Medicaid simply.
This piece was written by Wayne Dupree on April 28, 2020. It originally appeared in WayneDupree.com [4] and is used by permission.
Read more at WayneDupree.com:
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