House Slaps US Gov’t With Lawsuit Against Obamacare Bailout Of Insurance Companies

[Geee]

Daily Caller:

The U.S. House of Representatives filed an amicus brief against the federal government Thursday, targeting insurance companies who want Obamacare bailouts.

 

It’s difficult, almost impossible, to imagine a situation in which Obamacare could get any worse: 16 healthcare co-ops went belly-up, the Tennessee Health Commissioner is saying the state’s Obamacare exchanges are “very near collapse,” and analysts cannot fathom a positive future for the system in either the short or long-term. (RELATED: Obamacare ‘Near Collapse’ In Tennessee, Says Insurance Regulator)

 

The House amicus brief, in addition to explaining why the insurance companies should be barred from receiving bailout funds, also discusses why the Obama administration’s move to settle other cases with billions of taxpayer dollars is both unlawful and unconstitutional.

 

“The law is clear that insurance companies operating on the health exchanges established pursuant to the Patient Protection and Affordable Care Act have no right to government handouts in excess of incoming funds under the Act’s risk corridors program. This is because the program was intended to be budget-neutral and self-funding –i.e., outgoing payments would be covered by incoming payments – and Congress has confirmed this intent, not once but twice, through annual appropriations legislation,” the brief reads.