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Giphy

The latest healthcare plea to Trump and Congress is that health insurers need to be paid for their Obamacare cost-sharing subsidies if the administration wants to avoid double-digit rate hikes and keep insurers from bailing out.

Key sentence: "The window is quickly closing to properly price individual insurance products for 2018."

Who: Eight powerful industry and business groups — including America's Health Insurance Plans, the American Hospital Association, the American Medical Association, and the U.S. Chamber of Commerce — sent a letter asking for a decision on whether health insurers will get paid for these subsidies.

Why now: They're getting tired of the uncertainty about whether insurers will get those payments, since they have to provide the subsidies whether they're reimbursed or not. The Trump administration says it will keep making the payments while a lawsuit by Congress is being resolved, but they're deliberately not saying what happens after that.

Go deeper

“You blew it”: GOP activist turns on corporations over vaccine mandates

The chairman of the American Conservative Union said on "Axios on HBO" he accepts "Joe Biden is my president, and I want him to succeed," but predicted Republicans retake the House and Senate in 2022 — with greater than 50% odds Donald Trump runs in 2024.

The big picture: In a joint interview with his wife, Mercedes, Matt Schlapp also refused to share their vaccination status. And he told corporate America "you blew it" by embracing vaccine mandates and liberal social stances that have alienated GOP voters and politicians.

44 mins ago - Politics & Policy

Pelosi expects “billionaire’s tax” to pay for Biden social spending

Photo: Yasin Ozturk/Anadolu Agency via Getty Images

House Speaker Nancy Pelosi (D-Calif.) said Sunday she expects the chamber to pass the bipartisan infrastructure plan by week’s end, and alternatives to corporate tax hikes and a “billionaires tax” will be used to finance President Biden’s promised expansion to the social safety net.

Why it matters: Pelosi’s comments come as House and Senate leaders try to wrap up a deal. What will get cut — and how the remainder will be paid — are linchpins to a final agreement.

Dan Primack, author of Pro Rata
45 mins ago - Axios on HBO

FTX CEO Sam Bankman-Fried mystified by value of NFTs

Crypto exchange FTX, valued last week at $25 billion, recently launched an NFT marketplace by selling an image of the word "Test" for $270,000.

  • FTX founder and CEO Sam Bankman-Fried tells "Axios on HBO" that he doesn't quite understand the appeal, but adds that he doesn't personally appreciate many visual arts.