Rove: Administration Offering Insurers 'Bribe' to Reinstate Plans

Thursday, 14 Nov 2013 09:10 PM

By Greg Richter

Share:
  Comment  |
   Contact Us  |
  Print  
|  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.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
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

Holy Fire Ceremony Draws Thousands in Jerusalem

Saturday, 19 Apr 2014 11:47 AM

The dark hall inside Christianity's holiest shrine was illuminated with the flames from thousands of candles on Saturday . . .

US Plans Military Exercise in Poland to Reassure Allies Over Russia

Saturday, 19 Apr 2014 11:24 AM

The Obama administration is planning land-force exercises in Poland and Estonia in hopes of reassuring NATO's Eastern Eu . . .

4 French Journalists Held Hostage in Syria Freed

Saturday, 19 Apr 2014 10:33 AM

France's presidential palace says four French journalists held hostage in Syria since June have been released.President  . . .

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

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