Rove: Administration Offering Insurers 'Bribe' to Reinstate Plans

Thursday, 14 Nov 2013 09:10 PM

By Greg Richter

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
The Obama administration is offering a "thinly described illegal bribe" to entice insurance companies to reinstate plans they have canceled, GOP operative Karl Rove says.

Appearing Thursday on Fox News Channel's "On the Record with Greta Van Susteren," Rove held up a three-page letter sent out Thursday by Centers for Medicare and Medicaid Services explaining that the "risk corridor program" would be expanded to help companies "ameliorate unanticipated changes in premium revenue."

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

The problem, Rove said, is that the risk corridor program applies only to "qualified plans" under the Affordable Care Act – not to grandfathered plans.

"What they're saying in this letter is, we're going to try and find a way to bribe the insurance companies to bring these back by promising we'll give them bonus payments not allowed under the law, not anticipated under the law, not authorized under the law," Rove said.

Story continues below video.

The Heritage Foundation's Foundry blog also reported on the letter, noting that it abandons its previous commitment to budget neutrality.

The program is supposed to redistribute money among insurers, taking gains from those that  have healthier-than-expected customers and giving it to those who have a customer pool that is sicker than expected.

But the letter indicates that "if the math demands it, the government can pay out more than it collects through the program."

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Andrew Napolitano: Obama's Executive Overreach 'Incompetent Madness'

Thursday, 31 Jul 2014 10:18 AM

President Barack Obama has vastly abused his executive discretion and so severely violated his oath of office that he  . . .

Karl Rove: Dems Trumping Up Impeachment Talk

Thursday, 31 Jul 2014 09:10 AM

The left is ramping up talks of impeaching President Barack Obama even though Republicans have said it's not on their ag . . .

Ted Cruz Puts Boehner's House Border Bill in Jeopardy

Thursday, 31 Jul 2014 08:18 AM

The House leadership is planning a vote Thursday on a border security bill to address the immigration crisis, but conser . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved