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Stopping Another Obamacare Bailout

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By Sen. Mike Lee / /at The Daily Signal

Mike Lee is a Republican senator from Utah.

Since 2014, HHS has been illegally sending billions of “reinsurance” fees to insurance companies instead of sending those dollars to the United States Treasury where they belong. (Photo: Jonathan Alcorn/Reuters/Newscom)

 

When President Barack Obama made his case to the American people for Obamacare, he promised that it would both lower health insurance premiums and not add to the national debt.

Neither has been true.

One way Obamacare has been adding to the deficit is through illegal bailouts of insurance companies operating Obamacare plans through the Department of Health and Human Services.

The Government Accountability Office highlighted one bailout scheme last week when it released a report finding that since 2014, HHS has been illegally sending billions of “reinsurance” fees to insurance companies instead of sending those dollars to the United States Treasury where they belong.

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