A major health insurance company is gearing up to lobby hard against repeal of Obamacare’s so-called “risk corridors”— a provision of the law that Republicans deride as an “insurer bailout”— and warning lawmakers that doing so “will ultimately lead to a single-payer system.”
BuzzFeed obtained a memo and talking points from the Blue Cross Blue Shield Association’s CEO Scott Serota that sound alarm bells over momentum for repeal of the health care law’s “risk corridors” — the program that would provide insurance companies with additional funds to cover losses should not enough healthy people enroll in health care plans.
“We are becoming increasingly concerned about momentum that is quickly building among some leading conservatives for elimination of the risk corridor and reinsurance programs,” Serota wrote.
Serota specifically cited several high-profile bills introduced in the House and Senate to repeal the programs and a column by Charles Krauthammer calling for immediate congressional action on the bills.
Serota told members that he would be meeting with Majority Leader Eric Cantor and Speaker John Boehner next week to try to convince them repeal of the risk corridors not be “part of their ACA strategy.”Read the rest of the story HERE.
CEO Talking Points on Risk Corridor Repeal:
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7 comments:
I have not heard where House leadership is on this issue. It seems like it's the last hope to do something.
-Martha
CONGRESS BETTER get moving on the repeal of the “risk corridors” provision (INSURANCE COMPANY BAILOUTS)
They need to repeal it to make sure NO MONIES go to these companies.
This CEO is trying to save Obamacare and his own ass ASS by scaring the American Public with the single payer threat.
Repeal the provision...I'll take my chances..
The move sure points the discussion in the right direction: entire obamacare scheme is a bailout fraud. BlueShield is running scared. Something ought to happen to the kooks who built is soddy idea and "bill" designed to negate civil liberty.
Yes, accountability.
Scottie-boy sounds like a freaky Socialist bully, but he might be pointing out the ploy of tricksters, rather than planning to enslave Americans.
House leadership? they are tricksters. The mainstream of Republicans, what are they saying? That is what matters.
Serota should be concerned about his company's total lack of preparedness in staffing and systems. His customer service has fallen to pieces during the past four months.
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