Washington Post and CBS receiving money from Obamacare ’slush fund’
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.”...

Republicans question Obamacare’s $5 billion early retiree ‘slush fund’
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.

Also, the administration is racing through the $5 billion much faster than it previously projected — it was supposed to last until 2014, when no person will be denied coverage for a pre-existing condition. New statistics and projections, however, suggest it may run out before the end of 2012, and the Department of Health and Human Services (HHS) and the Center for Medicare & Medicaid Services (CMS) announced on Thursday they will no longer be accepting applications for subsidies after April 30. ...