Elections
Biden impeachment hearing to begin this week, GOP announces first witnesses
The House Overusing Committee is holding the first impeachment hearing into President Joe Biden this Thursday and has announced the first three interview witnesses. The impeachment process will assess whether then Vice President Joe Biden received a bribe from a Ukrainian businessman to change the outcome of U.S. policy.
The committee announced three witnesses, including George Washington University Law Professor Jonathan Turley, former Assistant Attorney General, United States Department of Justice Tax Division Eileen O’Connor, and forensic accountant Bruce Dubinsky.
“Since January, House Committees on Oversight and Accountability, Judiciary, and Ways and Means have uncovered an overwhelming amount of evidence showing President Joe Biden abused his public office for his family’s financial gain,” said Oversight Chairman James Comer (R-KY) who also made the following lengthy statements:
“Thousands of pages of financial records, emails, texts, testimony from credible IRS whistleblowers, and a transcribed interview with Biden family business associate Devon Archer all reveal that Joe Biden allowed his family to sell him as ‘the brand’ around the world to enrich the Biden family. Joe Biden showed up on at least two dozen occasions to send signals of access, influence, and power to those who were paying the Bidens.”
“Based on the evidence, Congress has a duty to open an impeachment inquiry into President Biden’s corruption. Americans demand and deserve answers, transparency, and accountability for this abuse of public office…This week, the House Oversight Committee will present evidence uncovered to date and hear from legal and financial experts about crimes the Bidens may have committed as they brought in millions at the expense of U.S. interests.”
Just The News reports: Prompting the impeachment inquiry is an unclassified FD-1023 form that contains confidential human source information outlining an alleged bribery effort. The tip describes an arrangement in which Burisma CEO Mykola Zlochevsky allegedly hired Hunter Biden to secure access to his father, upon whom he leaned to secure the firing of then-Ukrainian Prosecutor General Viktor Shokin, who was investigating the firm.
Senator Elizabeth Warren of Massachusetts, a longtime supporter of the Affordable Care Act, commonly known as Obamacare, is now acknowledging the unintended consequences of the healthcare legislation, particularly its impact on industry consolidation and rising healthcare prices.
Warren, who has been a vocal proponent of Obamacare, has recently had what the Wall Street Journal reported as an “epiphany” regarding the consequences of the healthcare law. In a letter addressed to the Health and Human Services Department inspector general, Warren, along with Senator Mike Braun of Indiana, expressed concerns about vertically-integrated healthcare companies potentially increasing prescription drug costs and evading federal regulations.
According to reports from Fox News, the bipartisan letter highlighted issues with the nation’s largest health insurers allegedly bypassing Obamacare’s medical loss ratio (MLR). According to Warren, these insurers, through vertical integration, have manipulated the system, leading to “sky-high prescription drug costs and excessive corporate profits.”
The senators detailed how conglomerates, like UnitedHealth Group, with ownership across various healthcare sectors, could inflate medical payments to pharmacies and, by realizing those payments on the pharmacy side, appear to comply with MLR requirements while retaining more profits.
Moreover, despite the Democrats’ argument that the MLR would benefit patients, it has incentivized insurers to merge with or acquire pharmacy benefit managers (PBMs), retail and specialty pharmacies, and healthcare providers. This, in turn, has made healthcare spending less transparent, as insurers can allegedly shift profits to their affiliates by increasing reimbursements.
Warren, who has consistently voted against Obamacare repeal efforts, notably advocated for a “Medicare for All” proposal during her 2020 presidential campaign. Despite her prior support for the healthcare law, Warren’s recent concerns about its unintended consequences have raised questions about the long-term effects of Obamacare and its impact on the healthcare industry.
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