Sunday, April 3, 2011

Obamacare Slush Fund Under Investigation By The House

by Matthew Boyle
The Daily Caller
April 2, 2011

House Republicans are challenging a slush fund they recently discovered in Obamacare — a $5 billion bailout for states, corporations and unions, dubbed the Early Retiree Reinsurance Program (ERRP).

At a Friday hearing in Energy and Commerce’s Subcommittee on Oversight and Investigations, Republicans alleged the Obama administration is passing out that $5 billion in taxpayer money to labor unions and companies it favors, like General Electric and General Motors — instead of using it to help early retirees obtain health insurance.