Moocher.
"If the Affordable Care Act is so awful," Reid asked, "why did Koch Industries use it to their advantage?"That's a rhetorical question, by the way. The answer is because they could get a big ol' chunk of money from the federal government, that's why. Congress created a $5 billion temporary reinsurance fund in the Affordable Care Act, to subsidize the cost to employers for providing ongoing coverage for people who retire before Medicare eligibility. The Kochs, of course, took a chunk of that.
The Early Retiree Reinsurance Program, Reid said, "helped the company pay health insurance costs for its retirees who are not covered by Medicare." Reid asked sarcastically: "So it's OK for Koch Industries to save money through Obamacare" even as Koch-related groups seek the law's repeal. […]we are seeing the hypocrisy of the super rich, they spend hundreds of millions to buy the right leaning congress, sponsor negative ads against Pres. and the ACA, while all the while elbow deep in the gov't cookie jar. i call that insult to injury they are fighting us just to use that which they are railing against good enough for the goose but not for the gander. that should if nothing else inspire Progressives to show up at the poll Nov. 4th and show them 3rd time is our charm not theirs.
Federal records show that Koch Industries received $1.4 million in early retiree subsidies. That's considerably less than the sums many other employers received. A Koch Industries spokesman said he had no comment on Reid's latest criticisms.
