Saturday, February 17, 2018

The White House Plans To Bail Out Obamacare And Fund Abortion Coverage

The budget proposal means the Trump administration is now actively working to codify not one but two Obamacare bailouts that a Republican Congress denied to the Obama administration.
The White House released its budget proposal this morning. Apart from the fact that the budget abandons any attempt to get to balance within ten years (or ever), a footnote buried deep in the document hides key proposals: Bailing out Obamacare health insurers to the tune of tens of billions of dollars, and taxpayer funding of abortion coverage.
On page 141, footnote 6 of Table S-6, showing the president’s policy proposals, includes the following admission: “The Budget requests mandatory appropriations for the risk corridors program and for cost-sharing reduction payments.”
The White House document claims that these proposals would have “no deficit effect,” but the U.S. Department of Health and Human Services (HHS) budget in brief provides additional detail about the sums at issue, noting that the budget “assumes outlays of $11,513 million (post-sequester) for the risk corridors program.”
There you have it: At least $11.5 billion in corporate welfare payments to insurers for risk corridors, and more for cost-sharing reductions.
About Risk Corridors --->
Read the rest from Christopher Jacobs HERE at The Federalist.

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