Part Two of the original proposal was that the federal government would pay for the loan cancellations by eliminating most of its grants to higher education institutions.
This is not a government agency sharing risk, it’s a government agency assuming virtually all of the risk associated with the higher premium costs due to the rebate rule. In other words, a bailout.
House Republican staff want to resurrect this spring’s failed Obamacare bailout, and see the health savings account provisions as a way to do so.
If CBO and House Budget are blameless, and everything about this budget change occurred in an above-board manner, they seem to have a funny way of going about proving their innocence.
In a Monday report, CBO changed the rules, and violated the law, to make it easier for Congress to pass an Obamacare bailout.
To most individuals outside Washington, Republicans moving to bail out Obamacare, and attempting to pass 2,200-plus page bills in mere hours, signifies a degree of insanity.
The average college graduate leaves school with a monthly payment of approximately $300. So why are students really struggling to repay their loans?
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.
To call the inclusion of a $11.5 billion proposal in the president’s budget that no one wants to take credit for a prime example of managerial incompetence would put it mildly.
For several reasons, the proposed bailout appears to trace back to one individual—Andrew Bremberg, head of the White House’s Domestic Policy Council.
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.
By throwing money at the problem of rising drug costs, Republican leaders’ ‘solution’ may end up raising them even faster.
Of course, Mitch McConnell and Chuck Schumer want to ram the deal through Congress by Thursday evening—because we have to pass the bill to find out what’s in it.
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.
With White House officials promising to work to bail out Obamacare, how can tax reform have ‘essentially repealed’ the behemoth law?
Senators Susan Collins and Lamar Alexander are apparently engaging in a bidding war over how many billions of taxpayer dollars to spend on corporate welfare to insurance companies.
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.
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.
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