|By Brian Hughes; Brian Hughes, White House Correspondent|
House Republicans will move ahead Wednesday with a campaign to highlight Obamacare's "risk corridors," deriding what they view as a bailout to the insurance industry -- even as the
Without the risk pool, the
House Republicans are painting the program in a much different light, with Wednesday's hearing titled: "Obamacare: Why the Need for an Insurance Company Bailout?"
"Risk corridors will cost more than previously estimated, though their costs have not previously been estimated," Badger will say, according to his written testimony. "At least with subsidies and reinsurance, we have a rough idea of how much taxpayers will be turning over to insurers. With risk corridors, we have none. The administration refuses even to hazard a guess."
The hearings come with the
The Obama administration, though, is defending the risk corridors and openly mocked Republicans for pushing repeal of the provision.
Carney said Republicans were inconsistent and had supported a similar risk-sharing provision in
"The only distinction is, coming at it from the Republican critique, is that the one for
Obamacare critics point out that the CBO report warned of "many uncertainties" surrounding the figures, saying the estimate of
A growing number of Republicans are coalescing around the idea of pushing a repeal of the risk corridors in exchange for raising the nation's debt ceiling.
When asked whether the CBO projection that the government could profit from the net corridors had shifted the party's strategy, one House Republican leadership aide replied, "My hunch is no."
"Our path ahead is going to be determined by how member conversations go," the aide added.
Republicans already see a winning message in focusing on how Obamacare will affect jobs, the administration's unilateral delays of core provisions of the Affordable Care Act, and growing unpopularity with the law ahead of November's midterm elections.
Also testifying at the House Oversight hearing is Sen.
"The ACA provides for federal government subsidies for the next three years, in addition to the types of risk adjustment one would normally expect," Goodman will argue. "This puts taxpayers at risk for the cost of serious mistakes in the design of the exchanges."
|Copyright:||(c) 2014 ProQuest Information and Learning Company; All Rights Reserved.|
We have detected that you are using an adblocker. The revenue we earn by advertisements allows us to publish quality content on InsuranceNewsNet.com.
If you wish to enjoy our content, please disable your adblocker and click the button below.
We hope you choose to whitelist our website and enjoy the content our team works hard to publish.