Sebelius asked to explain $2B in Obamacare loans

Dollars32

Several leading GOP members of Congress are asking Health and Human Services Secretary Kathleen Sebelius, under whose watch the Healthcare.gov website rollout has experience one fiasco after another, to explain the $2 billion in taxpayer money loaned to various interests to get health insurance CO-OPs up and running – and whether the taxpayers will get any of that back.

Just when the Obamacare experience appears to be able to go no lower – the website malfunctions, millions of policies are canceled outright, only thousands are able to sign up via online offerings, prices for policies are skyrocketing, and more – come the questions about loans.

“Out of the $1.98 billion awarded to CO-OPs, what amount does HHS expect to be repaid? What is the period of time by which HHS expects these funds to be repaid?” were among the questions presented to Sebelius by Sen. Orrin Hatch, ranking member of the Senate Finance Committee; Sen. Lamar Alexander, ranking member of the Health, Education, Labor and Pensions Committee; Sen. Michael Enzi, ranking member of the Health, Education, Labor, and Pensions Subcommittee on Children and Families; Sen. Tom Coburn, ranking member of the Homeland Security and Government Affairs Committee; and Rep. Charles Boustany Jr., chairman of the House Ways and Means Committee on Oversight.

More…

    
Plugin by: PHP Freelancer
This entry was posted in Editorial, Financial, Health Care and tagged . Bookmark the permalink.
0 0 votes
Article Rating
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
profitup10
profitup10
10 years ago

IT IS BECOMING MORE AND MORE APPARENT THAT OBAMACARE WAS DESIGNED TO FAIL AND TO INCREASE MEDICAID BY MILLIONS. INCOME TO QUALIFY WAS INCREASED TO 133% OF THE POVERTY LEVEL, THIS BROUGHT THE LOWER MIDDLE CLASS INTO THE POVERTY CLASS.

WELL THIS MEANS THAT IT WILL GO BUST AS GALLOP SAID THE BIGGEST ISSUE WITH OBAMACARE IS COST -- THE ONLY WAY TO LOWER COST FOR THE MIDDLE CLASS UNDER $ 200,000 PER FAMILY IS TO COLLAPSE INTO A “FULL SINGLE PAYER SOCIALIZED MEDICINE” PLAN.

DO SOME READING ABOUT SOCIALIZED MEDICINE IN EUROPE EVEN IN SWEDEN AND SWITZERLAND THE CARE IS BARELY AVERAGE FOR MOST OF THE PEOPLE. HOWEVER THE RICH AND THE GOVERNMENT EMPLOYEES HAVE PRIVATE CADILLAC PLANS. BRINGS TO MIND THE OLD LET THEM EAT CAKES.

THE SAME IS TRUE IN CANADA, ENGLAND, FRANCE AND THE REST. THE AVERAGE CARE IS OK BUT IF YOU WANT CHOICES THEN YOU MUST BUY OTHER INSURANCE.