Obama Regime is looting the Treasury to pay off Health insurers

The New York Post reports:

Desperate to keep insurers on board, the administration scrambled to find another pot of money. Unfortunately, once again, a big part of that money pot belongs to the public.

President Obama doesn’t seem to care. On Feb. 12, the administration announced that the money will be handed out to insurers — a whopping $7.7 billion this year alone.

But it’s not just expensive: That huge handout to the insurance industry is also illegal.

This is money you and everyone else who already has insurance are forced to pay, called a reinsurance fee. You pay the fee whether you buy your own plan or get covered at work, even if your employer self-insures. You may be clueless about it, but the fee is buried in your premium or taken out of your compensation.

The text of the Affordable Care Act is clear as a bell on what this money can be used for.

Some of these annual fees — adding up to billions a year — belong to the public, not the insurance companies. The law states a fixed share “shall be deposited into the general fund of the Treasury of the United States and may not be used” to offset insurance companies’ losses.

But the administration gave all of it to the insurance companies last year, and got away with that heist. So now they’re trying it again.

The Obama regime makes its own law. Doesn't anyone have standing to stop this?