CSPAN2 Key Capitol Hill Hearings July 29, 2014
Television for serious readers. Coming up next hearing on the Health Care Law and federal subsidies for insurance providers. This is an hourandahalf. The chair will recognize an opening statement. Todays hearing is once again about protecting taxpayers and consumers from the consequences of the Affordable Care act, mainly the giveaway of taxpayer dollars to ensures. First, section 1342 of the Affordable Care act created what are known as risc corridors, a mechanism that will protect Insurance Companies from some of the financial losses. It works by decreasing payments to plans whose expenses a...