Sunday, November 6, 2011

GOP 'leadership' continues paying billions of taxpayer dollars via hidden ObamaCare pal slush fund

.
The GOP House was given the means via Nov. 2010 elections to withhold funds going out daily via ObamaCare. GOP 'leadership' instead wanted to show us who was boss so continued giving out ObamaCare money. To make extra sure we get the message they've "deadlocked" a bill defunding parts of ObamaCare in the House Appropriations Committee now a year after the Nov. 2010 elections.

11/3/11, "ObamaCare's Billions In Hidden Pork For Unions," Investors Business Daily Editorial

"How do you funnel billions of dollars to your union pals at a time when the government is running record deficits?
  • Easy, you just tuck the money into ObamaCare.

According to a new Government Accountability Office report, the federal government has so far handed out $2.7 billion out of a $5 billion program

  • squirreled away in ObamaCare.

The Early Retiree Reinsurance Program is advertised as a way to "stabilize the availability of employer-sponsored coverage for early retirees," according to a Health and Human Services memo.

The argument goes that companies are increasingly dropping retiree health benefits, leaving those who retire before becoming eligible for Medicare in a jam — either they face exorbitant rates for insurance or expose themselves to potentially catastrophic health costs.

The little-noticed ObamaCare program was supposed to encourage companies to continue offering this benefit until 2014 — when ObamaCare fully kicks in and will solve everything — by reimbursing companies for a chunk of their retiree health costs.

But lift the hood a little and this program looks more like

  • a slush fund for Friends of Democrats.

Almost as soon as the program was announced, thousands of well-connected unions and government agencies rushed in to apply for the free money. As a result, the agency running the program

  • had to stop accepting applications in May or risk running out of funds.

And just look at who made the cut.

According to figures obtained by IBD, 10 of the top 12 recipients are either unions or public employee groups. In fact, the biggest single recipient was the UAW Retiree Medical Benefits Trust, which alone grabbed more than 8% of all the funds handed out so far. Other union beneficiaries include the United Food and Commercial Workers,

  • the United Mine Workers and the Teamsters.

Meanwhile, almost half of the money doled out has gone to state and local governments, the GAO found.

Other big beneficiaries are giant companies such as AT&T and Verizon that, combined, have received

  • more than a quarter-billion dollars under the program.

The problem is that these groups are the least likely to drop their retiree health benefits, calling the lie to the Obama administration's whole "stabilizing" excuse.

In fact, over the past 10 years, the share of state and local governments offering retiree benefits increased — climbing to 83% from 80% in 2001, according to an annual Kaiser Family Foundation health benefits survey.

That's at a time when private companies have been dropping retiree health plans to cut costs, with the share of large firms offering such benefits falling to 26% this year from 37% in 2001, the Kaiser survey shows.

So this ObamaCare money is really being used mainly to pay off unions and governments

  • that would have provided these benefits anyway.

While the law forbids employers from using the funds for anything other than retiree health costs, money is fungible, freeing up union and government resources for other uses like,

  • say, helping Obama get re-elected.

Even if the government weren't running record deficits and drowning in debt, wasting billions of dollars like this would be unacceptable. But with the country on the fiscal edge, it's an outrage.

  • Is anyone on the debt-reduction "supercommittee" paying attention?"
-----------------

Answer: No. Per GOP "leader" taxes will have to rise: 11/3/11, "Boehner: Debt deal will include new tax revenues," CBS News, Nancy Cordes

-------------------

9/29/11, "Draft spending bill would defund Obama healthcare law," The Hill, Sam Baker

"House Republicans released a draft spending bill Thursday that would cut off funding for many parts of the healthcare reform law, though the bill remains deadlocked in the Appropriations Committee....Reps. Jeff Flake (R-Ariz.) and Cynthia Lummis (R-Wyo.), however, have objected to appropriations bills with spending levels higher than those contained in the House-passed budget resolution....

The draft also includes several policy riders, such as cutting off federal funding for NPR and the “Race to the Top” education program."

-----------------

ObamaCare needed to be defunded immediately and could have been, independent of the Senate. ed.


via American Thinker

No comments: