Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Sabotaging Obamacare Is More Important Than Americans' Health
Posted
January 25, 2014
Views
41,304
Likes
1,339
Comments
367
Engagement
4.13%
January 25, 2014
41,304
1,339
367
4.13%
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7:09Now Playing"Conservative wonks and Republican lawmakers are coalescing around a new strategy to sabotage Obamacare by repealing a temporary piece of the law designed to hold down premiums in the event of major market disruptions.
The provision -- called "risk corridors," but dubbed the "Obamacare bailout" by the law's opponents -- seeks to stabilize costs by creating a pot of money that takes in funds from insurers who enroll healthier customers and uses it to pay out insurers who enroll sicker customers. It's a safety valve that sunsets after 2016. The repeal push is clever messaging in a sense because it lets conservatives snatch the mantle of populism from liberals against wealthy insurance companies. But it comes with its share of dangers, too.
Last November, as TPM reported, Sen. Marco Rubio (R-FL) introduced legislation to repeal this provision. Since then it has picked up 13 Republican co-sponsors, including Senate Minority Leader Mitch McConnell, and spawned two companion bills in the House, which are supported by numerous Republicans."* Steve Oh, John Iadarola (TYT University) and Jimmy Dore (The Jimmy Dore Show) break it down.
*Read more here from Sahil Kapur / Talking Points Memo:
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