Your mouth is making promises that your a** can't keep - Obamacare

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Looks like Barry's legacy just shrunk a little bit more - from FOX News:

Supreme Court rules government must pay insurers enrolled in ObamaCare program
The Supreme Court ruled in an 8-1 decision Monday that the federal government must pay out $12 billion to insurers who had enrolled in the Affordable Care Act's "risk corridor" program, reversing a lower court's decision that had left Washington off the hook.

The program limited both profits and losses for insurance companies that offered plans through the online exchange created by the Affordable Care Act – commonly known as ObamaCare – by having certain profits go to the Department of Health and Human Services, which in turn would give money to plans that did not bring in profits. The result was the government owing over $12 billion more than was brought in.

"We conclude that §1342 of the Affordable Care Act established a money-mandating obligation, that Congress did not repeal this obligation, and that petitioners may sue the Government for damages in the Court of Federal Claims," Justice Sonia Sotomayor wrote in the court's opinion.

Justice Samuel Alito, was the only dissenter. This falls directly in Nancy Pelosi's lap - "we have to pass this bill so we can see what's in it".

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This page contains a single entry by DaveH published on April 27, 2020 12:39 PM.

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