Elections
BREAKING: Hunter Biden will plead guilty to three federal charges
President Joe Biden’s son Hunter will do what many of the elite and powerful do and evade jail time despite federal crimes. According to court papers filed Tuesday, Hunter will plead guilty to two misdemeanor tax crimes as well as illegal possession of a handgun.
Specifically, the two tax charges are of failure to pay in 2017 and 2018. “The combined tax liability is roughly $1.2 million over those years, according to people familiar with the matter who spoke on condition of anonymity to describe details of the agreement that are not yet public. Prosecutors plan to recommend a sentence of probation for those counts, these people said” reports the Washington Post.
Additionally, Hunter has a charge for illegally possessing a weapon from a gun purchase in 2018. During that time, Hunter was heavily abusing hardcore drugs such as cocaine, which he details in his own telling in his autobiography.
However, when Hunter filled out paperwork to buy the gun, “he denied using drugs or having a drug problem, exposing him to a potential charge of making a false statement on the document, as well as illegal gun possession once he acquired the weapon. Biden owned the gun for less than two weeks, because his then-girlfriend threw it away, according to public accounts of that time period” adds the Washington Post.
The Washington Post reports on the investigation that was opened in 2018 during the Trump administration:
Federal authorities began investigating Hunter Biden’s finances in 2018. Much of that work has centered around whether he evaded paying taxes on money he collected from overseas business clients. Last year, witnesses were called before a grand jury in Wilmington to answer questions about what they knew about Biden’s spending and work. Over time, the inquiry expanded to look at whether Biden’s gun purchase amounted to a crime.
People familiar with the situation, who spoke on the condition of anonymity to discuss an ongoing case, told The Washington Post in October that federal agents had determined there was enough evidence to file tax and gun charges. Last month, The Post reported that prosecutors in the case were nearing a decision.
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.
-
Nation5 days agoGroup backed by the Islamic Republic of Iran hacked into PA Water Facility
-
education5 days agoCalls for Hofstra University President’s Resignation Over Statements on Israel-Hamas Conflict
-
Media4 days agoRobert De Niro anti-Trump speech mysteriously replaced in teleprompter at Awards Show
-
Nation5 days agoElizabeth Warren Acknowledges Unintended Consequences of Obamacare
