Wednesday, December 10, 2014

Funding bill targets O-Care insurer subsidies

The Hill reports:
The nearly $1.1-trillion spending bill released late Tuesday by House lawmakers targets government payments to health insurance companies under ObamaCare that critics have decried as an industry "bailout."


The language, buried deep in the 1,603-page bill, is a victory for conservative opponents of the healthcare law. It would prevent new government funds from flowing to ObamaCare's so-called risk corridors, a three-year program established to subsidize insurer losses in order to keep premiums stable.

A commonly used tool in public policy, risk corridors have become a political football since Sen. Marco Rubio (R-Fla.) highlighted the ObamaCare provision as a "bailout" in November of last year. Since then, activists with Heritage Action and other groups have repeatedly sought to kill the payments in major fiscal negotiations.
The struggles of ObamaCare.