February 4, 2014
The non-partisan Congressional Budget Office (CBO) on Tuesday threw a potential wrench into House Republican plans to tie an elimination of ObamaCare risk corridors to the next debt-ceiling increase.
CBO now says that the program, which critics deride as an insurance “bailout,” will earn the government $8 billion over the 2015 to 2017 period. Last May, CBO said that the program had not net budgetary effect.
The government will pay insurers $8 billion over the period but will collect $16 billion in return from companies, yielding a net benefit.
The fact the program helps the budget could make GOP arguments against it more difficult and could require the party to find an offset in any bill repealing it.
This article was posted: Tuesday, February 4, 2014 at 11:54 am