FreedomPartners

Not Exactly Unexpected

United States of Koch

We ought not be surprised:

Several big corporations have reaped millions of dollars from “Obamacare” even as they support GOP candidates who vow to repeal the law. This condemn-while-benefiting strategy angers Democrats, who see some of their top congressional candidates struggling against waves of anti-Obamacare ads partly funded by these companies.

Among the corporations is a familiar Democratic nemesis, Koch Industries, the giant conglomerate headed by the billionaire brothers Charles and David Koch. They and some conservative allies are spending millions of dollars to hammer Democratic senators in North Carolina, Alaska, Colorado, Iowa and elsewhere, chiefly for backing President Barack Obama’s health care overhaul.

Senate Majority Leader Harry Reid, D-Nev., renewed his criticisms of the Kochs this week. In a Senate chamber speech, Reid noted that Koch Industries benefited from a temporary provision of the health care law ….

…. When Congress enacted the health care law in 2010, it appropriated $5 billion for the temporary reinsurance program. The goal was to subsidize employers’ costs for workers who retire before they become eligible for Medicare. Hundreds of employers applied – many were corporations, cities and public universities – and virtually all the money was soon distributed.

“If the Affordable Care Act is so awful,” Reid asked, “why did Koch Industries use it to their advantage?”

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.

(Babington)

It’s just one of those things that seems to happen. You know, at the intersection of capitalism, politics, and empty morality.

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