POLITICO Playbook (Rubio seeks to repeal "Risk Corridor" bailout provision from ACA)

Politico ^ | 11/15/13 | Mike Allen

[jimbo123]

EXCLUSIVE: Sen. Marco Rubio plans to introduce legislation next week to repeal the Affordable Care Act’s “risk corridor” provision, which would give government payments to health plans with higher than expected costs. A Rubio aide: “The President's announcement … increases the likelihood of a federal bailout of insurance companies … Rubio will introduce legislation … that will ensure the Obama Administration doesn't have unaccountable blank check-writing authority … [T]he current law gives the HHS Secretary broad authority in this area with no Congressional approval/oversight. Our legislation will … protect … taxpayers from potentially having to bail out the insurance industry.”

[Red in Blue PA]

Start getting votes of Dems who want to keep this atrocity in place. This monstrosity is absolutely toxic.

[devolve]

OK…nevermind

[Buckeye McFrog]

As PO-ed as I am at Marco, this is actually pretty adroit.

Obama is ginning things up for the public to hate/blame insurance companies. So getting loud with the fact that the ACA provides HUGE SUBSIDIES to those same EEEEEEVIL companies is really smart politics.

[Obadiah]

Actually, I think this is a good idea. The legislation would remove Obama’s blank check from Obamacare and further assure its implosion. And, Republicans can now say they are working in a biapartisan manner!

The alternative, which has its advantages, is to simply sit back and watch the Obamacare fireworks factory blow up and burn to the ground all by itself.

[jimbo123]

Smart move by Rubio. But I don’t think Mitch McConnell will be happy.

http://www.opensecrets.org/politicians/contrib.php?cycle=2014&cid=n00003389&type=I

Senator Mitch McConnell

Kindred Healthcare $76,300 $66,300 $10,000

Humana Inc $45,550 $40,550 $5,000

Blue Cross/Blue Shield $41,450 $24,450 $17,000

Aetna Inc $38,450 $28,450 $10,000

Mitch McConnell criticized for taking money from firm tied to health website

http://freerepublic.com/focus/f-news/3091467/posts

[Buckeye McFrog]

Good timing too, as the insurance execs are meeting with Obama this morning to be bribed and/or rolled.

Letting them know we’re on to them can only help.

[kabar]

Obamacare was written by interest groups, including the health insurance industry, which supported Obamacare because it forced people to buy their product. This “risk corridor” language just makes sure they can only make money, not lose it.

[randita]

Hardly anyone knows about this provision, just like so few knew that they couldn’t keep their plans.

Kudos to Rubio for putting the focus on this. Way to get ahead of the curve.

This should start getting a lot of play in the media and people will be outraged over it.

Obama will never sign legislation reneging on this, but why not force Rats to go on the record voting to affirm insurance company bailouts?

Rubio needs a similar bill in the House as at least that one has a chance of coming to the floor for a vote.

[Mike Darancette]

Good timing too, as the insurance execs are meeting with Obama this morning to be bribed and/or rolled

I thought that the state insurance commissioners were in control.

[kabar]

Hardly anyone knows about this provision, just like so few knew that they couldn’t keep their plans.

Rove went over the risk corridor yesterday on Greta's show. In 2010 Senator Enzi offered an amendment to change the regulations on grandfathering to ensure most people can keep their plans. The Dems voted it down.

The fact is that many people knew about these problems with Obamacare. Most of the public may not have, but those of us who followed the issue certainly knew about it. The Reps in Congress knew about it and voiced their concerns. The MSM never did its job. If a tree falls in the forest....

Obama will never sign legislation reneging on this, but why not force Rats to go on the record voting to affirm insurance company bailouts?

Reid will never let a vote on the bill. The House would be the appropriate place for this symbolic gesture.

[grania]

Marco's improving. He was on the correct side with Cruz's 21 hours and he's stepped back from enabling the invasion of the US.

I want to be able to trust him. There's something about Rubio that I wouldn't mind having in the WH. If only he understood the depth of passion so many US citizens feel about people who entered the US illegally, and now want rights and privileges.

[Buckeye McFrog]

Well then, if this thing implodes, you know what’s coming next.

George Soros will be initiating his Insurance Commissioners Project in all fifty states.

[randita]

Reid will never let a vote on the bill. The House would be the appropriate place for this symbolic gesture.

Exactly what I was thinking, although if people get angry enough about this and start putting pressure on Landrieu & Co., you could see a CYA proposal from those cowardly Senators as well.