You may have recently read that the House is draining these Obamacare “slush finds,” but if you are like me you might be thinking “what’s a slush fund and what does this mean?”
A Slush Fund, according to Wikipedia, is a term to describe a special account of money, with a negative twist “of illegality, illegitimacy, or secrecy in regard to the use of this money and the means by which the funds were acquired.” Basically, a “slush fund” is a ‘loose’ account with no set amount scheduled to go in or out of it. This is probably not the kind of account a government official needs to have. If the money in and out isn’t really being tracked, it could mean government money going towards pizza night and beer (or Slushies!!) for an official and all of their buddies. The scary part is that the slush fund for health care wasn’t going to have a cap on it and therefore wasn’t being calculated into the ‘savings’ brought by Obamacare.
Five bills (numbered HR 1213 through 1217) targeted at parts of the health care law were approved by the House Energy and Commerce Committee Wednesday. The bills repeal some portions of Obamacare, totally defund other parts, and convert some automatic funding into a requirement for annual Congressional approval before anything could be spent.
By the committee’s calculations, some $18.68-billion is addressed in the five bills (of the overall $105.46-billion in total automatic funding within Obamacare). Plus an unlimited slush fund for the Secretary of Health and Human Services is repealed.
The Congressional Budget Office estimates savings of $14.6-billion over ten years, but the amount is inexact because Obamacare placed no limit on how much would be spent. The Secretary of Health and Human Services was given a blank check for that purpose. It’s just one part of the overall $105-billion slush fundin automatic spending under Obamacare.