- Wed May 21, 2014 10:59 am
#40794
The Obama administration has quietly adjusted key provisions of its signature healthcare law to make billions of additional taxpayer dollars available to the insurance industry if companies providing coverage through the Affordable Care Act lose money. Administration officials for months had denied charges by opponents that they planned a "bailout" for insurance companies providing coverage under the healthcare law.When is enough, enough?
The move was buried in hundreds of pages of new regulations issued late last week. It comes as part of an intensive administration effort to hold down premium increases for next year, a top priority for the White House as the rates will be announced ahead of this fall's congressional elections.
They continue to argue that most insurers shouldn't need to substantially increase premiums because safeguards in the healthcare law will protect them until 2017 at which time premiums will have to stand on their own.
