Saturday, February 1, 2014

GOP Debt Ceiling Strategy - Business Insider

GOP Debt Ceiling Strategy - Business Insider:

"House Republicans are rallying around a new plan on their approach to raising the debt ceiling, according to The Washington Post's Robert Costa — a one-year increase tied to a request on the Affordable Care Act: "
[snip]
That means House Republicans could demand a repeal of Obamacare's "risk corridors." Treasury Secretary Jack Lew has said that the debt ceiling will need to be raised by the end of February to avoid a potential default on the country's obligations.
The "risk corridors" in question aim to make it easier for insurance companies to transition to the new health-care system, largely by making it less financially risky for them to sell new insurance plans on the exchanges established by the Affordable Care Act. Republicans have recently begun referring to them as a "bailout." 
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