Hey, Guess Who’s Benefiting from the Obamacare Early Retirement Slush Fund? WaPo and CBS!


Hey, remember that slush fund that was discovered in Obamacare that the administration can dole out to whoever they see fit? I thought it was a $2 billion fund, but it’s actually more like $5 billion. The money is going to companies and unions to fund health insurance for early retirees. Did you know that the Washington Post and CBS are getting hundreds of thousands of dollars from that fund? No, neither did I. I guess they forgot to disclose that little tidbit.

The Daily Caller got the scoop.

Two mainstream news organizations are receiving hundreds of thousands of taxpayer dollars from Obamacare’s Early Retiree Reinsurance Program (ERRP) — a $5 billion grant program that’s doling out cash to companies, states and labor unions in what the Obama administration considers an effort to pay for health insurance for early retirees. The Washington Post Company raked in $573,217 in taxpayer subsidies and CBS Corporation secured $722,388 worth of Americans’ money.

“It is fine with me if they continue covering the ObamaCare debate,” said Rep. Marsha Blackburn, Republican of Tennessee, in an e-mail to The Daily Caller. “When NBC used to cover energy issues, they identified themselves as a subsidiary of General Electric. CBS and Washington Post just have to disclose that they are subsidiaries of the Obama Administration.”…

Gee, I wonder if they knew about this during their biased coverage of the debate leading up to the passage of this monstrosity.

Update: Maggie has a few thoughts on the subject.