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By The Way, White House is Trying to Bailout Health Insurance Companies in Latest Tax Package

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flowers:
http://townhall.com/tipsheet/katiepavlich/2015/12/09/by-the-way-obamacare-democrats-are-trying-to-bailout-health-insurance-companies-n2091638


--- Quote ---When Obamacare was rammed through Congress without a single Republican vote way back in 2010, conservatives warned that the massive government program would ultimately require bailing out health insurance companies that gladly signed on.

Fast forward five years and it's that time. Today on Capitol Hill, lawmakers are being pressured by the White House to provide money, or a bailout, to insurance companies losing money due to running government Obamacare exchanges. From The Hill:

    White House desperately trying to add insurance company bailout to tax extenders bill. https://t.co/CUVd2IYFRC pic.twitter.com/EIwKuvJm2Y
    — Phil Kerpen (@kerpen) December 9, 2015

    Republicans and Democrats are close to agreeing on delaying two major taxes, the “Cadillac tax” on high-benefit plans and the medical device tax.

    But those proposals have run into opposition from the White House, which wants language fixing ObamaCare’s so-called risk corridors — a program intended to help insurance companies that take a financial hit by participating in government-run health exchanges.

    That program is nearly out of money because of a policy rider sponsored by Sen. Marco Rubio (R-Fla.) on a year-end spending bill in 2014 that bars the Department of Health and Human Services from tapping into other accounts to fund it.

    Rubio’s role has injected presidential politics into the debate, making it all but impossible for GOP leaders to agree to the White House’s demands. 

    The talks appeared to hit a wall Monday when Republicans ruled out fixing the risk corridors, which they panned as a “bailout for insurance companies.”

    “This is not on the table. Risk corridors is fully off the table,” said a Senate Republican leadership aide.

    Despite the disagreement, Republicans are feeling optimistic they can get the healthcare pieces worked out.

    Repealing the Cadillac tax, which hits the health plans of union members especially hard, is a priority of Reid’s and many Democrats.

The good news is, it looks like the Oba
--- End quote ---

I thought Rubio stopped this? 

Oceander:

--- Quote from: flowers on December 10, 2015, 01:22:57 am ---http://townhall.com/tipsheet/katiepavlich/2015/12/09/by-the-way-obamacare-democrats-are-trying-to-bailout-health-insurance-companies-n2091638

I thought Rubio stopped this? 

--- End quote ---

He did.  Now the White House is trying to get it started again.  That's the nature of politics and legislation.

flowers:

--- Quote from: Oceander on December 10, 2015, 02:37:06 am ---He did.  Now the White House is trying to get it started again.  That's the nature of politics and legislation.

--- End quote ---
I should have put a sarc tag next to my post. I know obama/GOPe will bail them out if he wants it to be done.

GourmetDan:
 
Amazing how the Demonrats now support corporate bail-outs while the GOP opposes them...

One would think it would be just the opposite... greedy corporations and all...

flowers:

--- Quote from: GourmetDan on December 10, 2015, 05:44:01 pm ---
Amazing how the Demonrats now support corporate bail-outs while the GOP opposes them...

One would think it would be just the opposite... greedy corporations and all...

--- End quote ---
Ryan GOPe will support it, so will most other GOPe.

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