The Hill | GOP unveils bill to block ObamaCare ‘bailout’

via The Hill:


ObamaCare_Bailout_C4PGOP unveils bill to block ObamaCare ‘bailout’

November 18, 2016

A group of Republican lawmakers on Friday unveiled a bill to block the Obama administration from making certain payments to ObamaCare insurers that the GOP calls a “bailout.”

The measure from four Republican senators would prevent the administration from using an obscure fund to pay legal settlements to insurers that have sued over a shortfall in payments under an ObamaCare program called risk corridors.

The lawmakers are worried that on its way out the door, the administration will seek to shore up the finances of ObamaCare insurers by paying them the legal settlements.

The issue has declined some in prominence since President-elect Donald Trump’s victory, raising the prospect that ObamaCare could be repealed altogether. But the lawmakers say that even if the law is on the way out, they do not want payments made to insurers in the meantime.

“We are going to repeal and replace Obamacare but, in the meantime, the last thing Americans need is for the Obama Administration to sneak in one last bailout on its way out the door,” Sen. Ben Sasse (R-Neb.) said in a statement.


At issue is ObamaCare’s risk corridor program, which seeks to shift money among insurers to protect them from heavy losses in the early years of the health law. (Read More)


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