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.
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.
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.
With White House officials promising to work to bail out Obamacare, how can tax reform have ‘essentially repealed’ the behemoth law?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.
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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