In general, the bill would increase the deficit by $19.1 billion and appropriate more than $60 billion to insurance companies, propping up and entrenching Obamacare rather than repealing it.
The hyperventilation over cost-sharing payments sends the wrong message to financial markets: Insurers can ignore significant risks, so long as their competitors do so as well.
The budget proposal means the Trump administration is now actively working to codify not one but two Obamacare bailouts that a Republican Congress denied to the Obama administration.
House leaders have concocted a plan that would use a budget gimmick that arguably violates the law to bail out Obamacare and provide taxpayer funding to plans that cover abortion.
Tennessee Sen. Lamar Alexander seems more interested in stuffing the coffers of the insurance industry than in conducting robust oversight of his state’s regulatory debacle.
The incompetence on display over cost-sharing reductions demonstrates the need for increased accountability among state authorities.
With White House officials promising to work to bail out Obamacare, how can tax reform have ‘essentially repealed’ the behemoth law?
When health insurers filed their rates for 2017, not a single state commissioner contemplated that the incoming presidential administration might cancel federal cost-sharing subsidies.
Sen. Lamar Alexander’s article includes several omissions and outright false statements about his bailout legislation. Here are the facts Alexander wouldn’t dare admit about his bill.
Both sets of payments to insurers Susan Collins wants—the cost-sharing reductions and reinsurance—could end up subject to a statutory sequester due to the tax bill.
Federal funding for abortions, higher insurance premiums for Americans, massive bailouts for fat-cat insurance companies—what’s not to love?
Overall, insurers could receive a windfall of $4 to $5 billion from the Alexander-Murray subsidies spigot. That’s plenty more than the ‘specific benefit’ to taxpayers.
Conservatives should reject the premise that Congress must immediately open the federal piggy bank to replenish the unconstitutional subsidies the Trump administration cut off.
The process for handing health insurers billions of taxpayer dollars to backfill a sinking Obamacare rather than replace it is looking a lot like passing Obamacare itself.
Legislative text has not yet been released, but based on press reports, Twitter threads, and a summary circulating on Capitol Hill, here’s what we know might be in the final package.
The significant sums in play would represent the second-largest expansion of federal abortion funding, behind only Obamacare itself.
Press reports suggest the administration is preparing to revoke Obama administration regulations sharply limiting the sale of short-term health insurance plans.
Insurance commissioners’ ignorance that the unconstitutional cost-sharing payments could disappear closely mimics banks’ assumptions leading up to the subprime mortgage disaster.
The governors’ plan would not only not repeal Obamacare, it would further entrench the law by giving tens of billions of new taxpayer funds to wealthy insurance companies.
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