Grand Theft Health Insurance
14th September 2016
Recently, the national Blue Cross and Blue Shield Association has been aggressively lobbying Congress to ignore the Obama administration’s illegal diversion of tax dollars into the pockets of—you guessed it—health insurers.
At issue is funding for the “transitional reinsurance” program in section 1341 of the Affordable Care Act. In that section, Congress instructed the Department of Health and Human Services to collect $20 billion in “contributions” over three years from private health insurance plans, apportioned by enrollment, and then use those funds to defray the cost to insurers of their most expensive enrollees with Affordable Care Act compliant individual market coverage.