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House Democrats holding a press conference about pre-existing conditions. Photo: Toya Sarno Jordan/Getty Images

The Democratic super PAC Forward Majority is releasing a seven-figure ad campaign targeting GOP state legislators over their opposition to pre-existing conditions coverage under the Affordable Care Act as part of the group's $8 million investment in over 100 state legislative districts in the 2018 midterm election cycle.

Why it matters: This health care topic has shown up in gubernatorial, House and Senate races, where more GOP candidates are campaigning on protecting people with pre-existing conditions, even after their party attempted to repeal and replace the ACA. Now, Forward Majority is trying to help Democrats running for state legislatures in key battlegrounds capitalize on this issue — especially after the Trump administration gave states more leeway last week to waive some of the ACA's rules.

  • The ads will run in Wisconsin, Florida, Texas, Arizona and Pennsylvania, which are crucial states in the midterms.
  • What they're saying: Ben Wexler-Waite, a Forward Majority spokesman, said the Trump admin waiver kicking pre-existing coverage to states "is the greatest political gift Democrats running for state legislatures could have asked for."

Go deeper: Republicans hit with pre-existing conditions.

Go deeper

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.

Trump gives farewell address: "We did what we came here to do"

Photo: Mandel Ngan/AFP via Getty Images

President Trump gave a farewell video address on Tuesday, saying that his administration "did what we came here to do — and so much more."

Why it matters, via Axios' Alayna Treene: The address is very different from the Trump we've seen in his final weeks as president — one who has refused to accept his loss, who peddled conspiracy theories that fueled the attack on the Capitol, and who is boycotting his successor's inauguration.