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Scheme That Steals Money For Obamacare

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DREW JOHNSON
Freelance Reporter
2:17 PM 03/23/2017
TOP

What started off as a juicy rumor by a controversial website is gaining credibility, and may soon balloon into a damning scandal for former President Barack Obama and his signature health insurance program.

More importantly for America’s taxpayers, however, the allegation may serve as the beginning of the end for a highly suspect scheme known as the “Net Worth Sweep.”

Early this month, InfoWars, the political news and opinion website founded by conservative radio personality Alex Jones, claimed the Obama administration illegally diverted profits from Fannie Mae and Freddie Mac to the bankroll portions of Obamacare.

After the Affordable Care Act was signed into law, Obamacare opponents in the House of Representatives shrewdly refused to fund handouts to insurance companies to subsidize health insurance premiums for lower-income individuals. Since the primary purpose of the legislation was to provide subsidized health insurance for struggling Americans, Obamacare was left in a lurch.



Read more: http://dailycaller.com/2017/03/23/president-trump-should-stop-obama-scheme-that-steals-money-from-fannie-mae-and-freddie-mac-for-obamacare/#ixzz4cSYAb0RH