Of the $88 billion HHS appropriation announced Wednesday night, not a penny is going toward Obamacare. Congress is however extending oversight requirements on HHS regarding its administration of the health exchanges.
Congressional leaders released the long-awaited $1.3 trillion, two-year spending omnibus after days of wrangling behind closed doors over contentious policies that included an embattled stabilization package for the individual market that would fund cost-sharing reduction payments and a $30 billion reinsurance pool.
The bill was passed late Thursday night.
Sens. Lamar Alexander and Susan Collins have proposed a market stabilization package that would include funding for the Affordable Care Act’s cost-sharing reduction subsidies for three years, three years of federal reinsurance at $10 billion a year, additional ACA waiver flexibility for states, and expanded eligibility for “copper” plans.
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Both Democrats and Republicans in Washington are considering policies that would not only retain ObamaCare for the indefinite future, but also expand this health-care disaster beyond even President Obama’s ambitions. These proposals would snatch defeat from the jaws of victory by shoveling billions of additional dollars in deficit spending into the pockets of insurance companies, which have been losing money on ObamaCare’s exchanges because of the law’s misguided one-size-fits-all approach. The real solution is obvious: we need to do away with this massive, expensive and unfair government program, instead of throwing money at a handful of corporations to tolerate it. But few have accused Washington of ever recognizing the obvious.
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Congressional Republicans who repeatedly pledged to repeal and replace Obamacare instead are racing today to rescue the law with truckloads of federal cash.
Their plan: a multi-billion-dollar bailout of health insurers that sell Obamacare policies. In return, the insurers promise to reduce premiums just in time for November’s elections.
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Insurance premiums for Affordable Care Act health plans are likely to jump by 35 to 94 percent around the country within the next three years, according to a new report concluding that recent federal decisions will have a profound effect on prices.
The nationwide analysis, issued Thursday by California’s insurance marketplace, finds wide variations state to state, with a broad swath of the South and parts of the Midwest in danger of what the report calls “catastrophic” average rate increases by 2021.
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A federal appeals court is raising a potential hurdle to the settlement of a suit the House of Representatives brought against the Obama administration over billions of dollars in subsidies paid to insurers under Obamacare.
The D.C. Circuit Court of Appeals issued an order Monday questioning a deal the House, the Trump administration and liberal states announced last September to try to shut down the case.
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Gov. Scott Walker (Wis.), a Republican who has been one of ObamaCare’s most vocal opponents, signed a bill Tuesday that would shore up the law’s insurance markets.
The bill would authorize the state to apply for a federal waiver to offer a reinsurance program covering 80 percent of medical claims costing between $50,000 and $250,000.
The program would cost $200 million, with the federal government paying 75 percent of the costs, and is meant to lower premiums for everyone else by paying for claims filed by the sickest, most expensive patients.
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Through its regime of subsidies, penalties, and federal regulations, the Affordable Care Act (ACA) made health insurance affordable to millions of people who were uninsured because they earned too little or had preexisting conditions. But it also made insurance more expensive for millions who used to be able to afford it. Between December 2013 and January 2017, average premiums more than doubled, and individual markets were in turmoil.
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