Koch brothers quietly cashing in on ACA...

[Archae]

Am I surprised? No.
Disgusted? Yes.

Kochs Took Big ACA Subsidies

By karoli April 8, 2014 3:35 pm - Comments

Koch Industries and its owners are fine with taking big subsidies allowed under the ACA, even while they spend millions trying to kill it.

Charles and David Koch are indirect beneficiaries of subsidies allowed under the Affordable Care Act.

Let that sink in for a moment. They've spent millions to kill it, while reaping the benefits for Koch Industries employees. When they take subsidies from the federal government, that impacts Koch Industries' bottom line. When that bottom line is impacted, their income goes up, because they own Koch Industries via a holding company that passes through the profits as personal income to shareholders.

http://crooksandliars.com/2014/04/kochs-took-big-aca-subsidies

[Berlum]

1. Hypocrisy is the core republican value

As if decent Americans needed any further proof

[babylonsister]

2. Proof once again no morals or ideals, however warped, enter into their

thinking. It's all about the benjamins.

[IronLionZion]

3. Breaking news: Water is wet

There are more than a few who are talking out of both sides of their mouth while their invisible hand of the free market reaches deep into Uncle Sam's pockets.


For those who didn't read the link, this subsidy was for health insurance for their retirees who didn't qualify for Medicare. It is a provision of the ACA.

[ErikJ]

4. 2nd largest privately held corp in the US.

Wikipedia;
In 2013, Forbes called it the second largest privately held company in the United States (after Cargill), with an annual revenue of $115 billion,[5][6][7] down from the largest in 2006. If Koch Industries were a public company in 2013, it would have ranked 17 in the Fortune 500.[8]

Fred C. Koch, after whom Koch Industries, Inc. is named, co-founded the company in 1940 and developed an innovative crude oil refining process.[9] His sons, Charles Koch, chairman of the board and chief executive officer, and David H. Koch, executive vice president, are principal owners of the company after they bought out their brothers, Frederick and William "Bill" Koch, for $1.1 billion in 1983.[10] Charles and David H. Koch each own 42% of Koch Industries, and Charles has stated that the company will publicly offer shares "literally over my dead body".[5]