Speaker John Boehner (R-Ohio) and other Republican lawmakers have also scrapped the idea of tying the debt limit extension to approval of the Keystone XL pipeline project, which involves a proposed 1,179-mile oil pipeline extending from Alberta to Nebraska. Republican leaders have determined neither of those proposals would get enough GOP support to pass, according to the report.
The PPACA risk corridor program limits health plans’ losses and gains beyond a specified range to stabilize premiums and prevent inaccurate premium setting during the early years of the health insurance exchanges. HHS collects funds from health plans with lower-than-expected claims and makes payments to those with higher-than-expected claims. This applies only to qualified health plans offered through the exchanges and is in effect from 2014 to 2016.
Congress must raise the country’s $16.7 trillion debt limit by late Friday in order to avoid a default, according to the report.
More Articles on PPACA Health Insurance Provisions:
CBO Lowers Estimated Cost of PPACA Insurance Provisions By $9B
House Republicans Consider Repealing PPACA Risk Corridors for Insurers
House Considers Bills That Would Modify PPACA Insurance Requirements
