ObamaCare bailout: insurers have nothing to worry about. Now that Trump is cutting deals with Pelosi and Schumer, the health insurers will do just fine, thank you. It appears the insurers will continue to get their money from DC to fund ObamaCare, but at the same time, the insurers will reduce coverage, cut and run.I wrote that tongue-in-cheek. I surmised it was going to happen but did not have a link, nor was I even interested. Now tonight, while reading today's on-line edition of The WSJ this story: a plan to fund health insurer payments coalesces. A deal to fund insurer payments critical to the health law took shape, even as conservative lawmakers and the White House push an alternative.
The contours of a deal to fund insurer payments critical to the Affordable Care Act took shape Thursday, even as conservative lawmakers and the White House pushed an alternative plan to repeal parts of the law.
Senate Health Committee Chairman Lamar Alexander (R., Tenn.) said he hoped to reach an agreement with Democrats by the end of next week on the insurer payments, which offset subsidies they provide low-income consumers.
At a hearing Thursday, Mr. Alexander suggested he would be willing to authorize the subsidy payments for multiple years, as Democrats are demanding, in exchange for “structural changes” to the ACA, also called Obamacare.And so it goes.
For the record, I've lost all interest in ObamaCare. I still post updates but however it turns out, I no longer care. From an investor's point of view, it's another open book test. Perhaps the most interesting question is whether RINOs will even dare bring this issue up in the 2018 mid-term elections.