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Friday, October 14, 2016

Conservative Coalition to Congress: Stop Obamacare 'Bailouts'

A conservative coalition of more than 50 groups has approached Congress to stop the Obama administration from granting "bailouts" to insurers for their Obamacare losses, the Washington Examiner reported.

According to a letter by Freedom Partners, along with many other groups, sent Wednesday, the coalition requested that Congress should take strong measures against the move.

Among the changes, the groups want members to pass a bill urging the Department of Health and Human Services to recover the $5 billion it has remitted to insurance companies through Obamacare’s reinsurance program.

The groups also want Congress to continue maintaining that the “healthcare law's risk corridor program remain budget neutral,” so the administration does not have to pay out extra.

It also wants a passage of a bill that would disable the administration from using the Judgment Fund or taxpayers money.

"American households deserve better than to have their tax dollars go toward bailouts for insurance companies," the letter says.

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1 comment:

Concerned Retiree said...

Paul Ryan and Mitch McConnell will never push the matter along with the other Chameleon Republicans.