It’s not an easy period for major media organizations, what with all this creative destruction revamping that sector of the economy. So the Washington Post Co. couldn’t help but be pleased when it received a $570,000 bailout from ObamaCare’s Early Retiree Reinsurance Program. That program allows the Obama administration to run up the national debt another $5 billion by doling out cash to corporations that provide retiree health benefits. The CBS Corporation received more than $720,000. General Electric, a part owner of NBC Universal, Inc., cleared nearly $37 million.
Since The Washington Post, CBS News, NBC News, and MSNBC have now received subsidies (the latter two indirectly) from this very controversial law, their reporters should disclose that fact to their audiences when reporting on ObamaCare. A disclaimer like this should suffice: “The Washington Post Corporation has received subsidies under the health care law.” That would be consistent with how NBC discloses its relationship with General Electric:
Oh, and kudos to the marketing whiz who decided to call all these ObamaCare spending programs “slush funds.”