Tom Harkin

Here's the secret payoff to health insurance CEOs buried in the GOP Obamacare repeal bill

Here's the secret payoff to health insurance CEOs buried in the GOP Obamacare repeal bill

Concealed within the 123 pages of legislative verbiage and dense boilerplate of the House Republican bill repealing the Affordable Care Act are not a few hard-to-find nuggets. Here’s one crying out for exposure: The bill encourages health insurance companies to pay their top executives more.

It does so by removing the ACA’s limit on corporate tax deductions for executive pay. The cost to the American taxpayer of eliminating this provision: well in excess of $70 million a year. In the reckoning of the Institute for Policy Studies, a think tank...

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