Capito to Introduce No ObamaCare Subsidies for Congress Act
Targeted News Service
WASHINGTON, Aug. 12 -- Rep. Shelley Moore Capito, R-W.Va. (2nd CD), issued the following news release:
Congresswoman Shelley Moore Capito (WV-02) will introduce the No ObamaCare Subsidies for Congress Act of 2013 after the August district work period.
The Office of Personnel Management recently announced that it will provide a roughly 75 percent subsidy to Members of Congress for the purchase of a health insurance policy on the exchange. Capito will not accept any health care subsidy made available to her and her legislation would end this special treatment for Members of Congress. Under her bill, Members of Congress would be treated like any other American who purchases an individual health insurance policy from the exchange. "Americans continue to lose under President Obama's health care law. At the same time the president is unfairly choosing to give businesses a free pass for a year and leave everyday Americans out in the cold, families across the country are bracing for skyrocketing premiums. As long as ObamaCare remains law, Members of Congress should not receive exchange subsidies that are not provided to other Americans."
Advisor News
- Wealth planning vs. estate planning: Honoring your client’s wishes
- What to discuss during the first retirement planning meeting
- Inflation, competing priorities and uncertainty erode retirement security
- As health premiums rise, 1 in 8 workers cut retirement savings
- CT governor’s candidates claims: What’s true, and what’s misleading
More Advisor NewsAnnuity News
- National Life Group expands annuity portfolio
- AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
- USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
- How flexible annuities fit today’s retirement portfolios
- Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
More Annuity NewsHealth/Employee Benefits News
- How the law protecting Americans from surprise medical bills is driving up healthcare costs
- Medicare Plus supplement vs. Medicare Advantage (Maybe) 2026– Healthful Hints
- ‘Medically frail’ Medicaid enrollees won’t have to prove their inability to work to keep coverage
- IMPLEMENTATION OF IMMIGRANT ELIGIBILITY RESTRICTIONS FOR ACA MARKETPLACE SUBSIDIES UNDER THE 2025 RECONCILIATION LAW: ISSUES TO CONSIDER
- ACA HEALTH INSURANCE RATES RELEASED FOR 2027 OPEN ENROLLMENT
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Insignia Life S.A. de C.V.
- FINANCIAL FRAUD
- Security Benefit Announces Planned Dividend Rate Reset for Series B Preferred Stock
- Palmetto Heritage and Atlantic Coast Life Announce Discussions Regarding Potential Acquisition
- Jury finds insurance company acted in bad faith, awards Nebraska woman $11.3M
More Life Insurance News