Putting Dems on the defensive over insurance company bailout
Congressional Republicans are acting on a plan, first suggested by Charles Krauthammer, to foreclose the possibility of a massive bailout of the health care insurance industry. Such a bailout now appears very likely, thanks to the fact that older and sicker people constitute a larger-than-planned portion for those signing up for Obamacare, driving up costs to the point that with existing rates, the insurers will suffer massive losses.
Because Obamacare included a provision to guarantee the companies against such an outcome, so far they have stayed on board with Obamacare. After all, it guaranteed them an expanded customer base, forcing people to sign up for their products.
But, as Dr. Krauthammer realized, if they thought they wouldn't be bailed out, they would speak out a tad more honestly about the inherent problems of the plan. That's why this is important, as reported by Elise Viebeck of The Hill:
Republican lawmakers are quietly gathering support for legislation to stop the federal government from cushioning the blow for health insurance companies whose costs rise more than expected under ObamaCare.
Sen. Marco Rubio (R-Fla.) and Rep. Tim Griffin (R-Ark.) are behind bills to repeal the healthcare law's "risk corridors" provision. That section creates a temporary pool of money to pay insurers who enroll a higher-than-expected number of sick patients with expensive bills.
There are 44 co-sponsors in the House, and 11 in the Senate. Passing the bill should be possible in the House, but almost certainly Harry Reid will oppose bringing it to the Senate floor. Thus, a propaganda campaign must be launched, focused on Senate Democrats up for re-election in 2014 and 2016.
"At the end of the day, it seems hard to believe that the Senate would put insurance companies ahead of taxpayers and not pass Sen. Rubio's legislation," said Rubio spokesman Alex Conant.
It is time to unleash the kind of demagoguery on the Dems that they have practiced for years. Put them in the position of defending handing taxpayer dollars over to health insurance companies.
Hat tip: Ed Lasky