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Every week or two we find out some new, nasty little easter egg in obamacare. obama and the thugs writing this legislation were very thorough in making sure every single supporter got their fair share of our tax dollars. I didn't think anything about obamacare could piss me off more than what I already was. I was wrong. With each new revelation about how we are being screwed I get even more mad.
It's no wonder they rushed this through in the middle of the night. Had the public been given an opportunity to fully understand to what extent our own government was willing to put it to us, there might have been some tar and feathers involved. For as nasty as I know the obama administration is, some of these things shock me. I didn't know that was possible.
I just can't get over how insulting it all is. They absolutely take us all for fools...
by John Hayward - Human Events
Hidden treasures for public unions and well-connected corporations.
Back when ObamaCare was being shoved down America’s throat, Nancy Pelosi assured us we needed to pass it to “find out what’s in it.” The House Energy and Commerce Committee, chaired by Republican Fred Upton of Michigan, just found something else that was hidden in it: “a $5 billion bailout fund for state governments, Fortune 500 companies, and Hollywood unions that is rapidly going bankrupt after doling out half a billion dollars much more quickly than anticipated.”
That five billion in funding, by the way, is roughly the same as the amount allocated to the high-risk pool for people with pre-existing conditions – ostensibly the major reason we detonated ObamaCare and destroyed the American health insurance system. It’s going to end up costing taxpayers a lot more than $5 billion, because “so far, fewer than 5 percent of the organizations ‘approved’ to participate in the program have received funds.”
The bailout fund is formally known as the Early Retiree Reinsurance Program. It’s a federal subsidy to “employers and unions that provide health coverage to early retirees.” According to the committee’s analysis, “The ERRP reimburses the employer 80 percent of the actual cost of an early retiree’s health expenses between $15,000 and $90,000,” based on “qualified claims beginning on or after June 1, 2010.”
The Energy and Commerce report notes that “Like many provisions and accounting gimmicks in the health care law, it has largely escaped public scrutiny because of the sheer volume of programs and spending crammed into the law without scrutiny or Congressional oversight.” In other words, nobody has really paid much attention to where the money went.
Naturally, a lot of that crazy unsupervised money ended up in the hands of public unions. Over one third of the $535 million spent in 2010 went to five public union benefit and pension plans, in California, New Jersey, Georgia, Kentucky, and Texas. 56% of all funds distributed in 2010 went to government organizations. Over five thousand entities have been approved for EERP bailouts, and 47% of them are government organizations.
Read the rest at the link above...