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Insurer says it’s staying in ACA markets because of GOP tax law

Photo: Joe Raedle/Getty Images

Health insurer Premera, the only option in Alaska’s individual market, says new corporate tax cuts will allow it to keep selling Affordable Care Act coverage there. Premera sells Blue Cross Blue Shield plans in the state, and it says it will spend $50 million to help stabilize that market.

Why it matters: Health care companies have largely used their windfalls from the GOP tax law on share buybacks or to pay down debt. Premera is one of the few to even claim that its tax benefits will flow through to consumers.

Go deeper

Alayna Treene, author of Sneak Peek
3 mins ago - Politics & Policy

Kevin McCarthy's rude awakening

House Minority Leader Kevin McCarthy. Photo: Mark Wilson/Getty Images

Kevin McCarthy is learning you can get torched when you try to make everyone happy, especially after an insurrection.

Why it matters: The House Republican leader had been hoping to use this year to build toward taking the majority in 2022, but his efforts to bridge intra-party divisiveness over the Capitol siege have him taking heat from every direction, eroding his stature both with the public and within his party.

Go deeper (1 min. read)Arrow
Stef W. Kight
4 mins ago - Politics & Policy

The next big political war: redistricting

Illustration: Aïda Amer/Axios

Democrats are preparing a mix of tech and legal strategies to combat expected gerrymandering by Republicans, who are planning to go on legal offense themselves.

Why it matters: Democrats failed to regain a single state legislature on Election Day, while Republicans upped their control to 30 states' Houses and Senates. In the majority of states, legislatures draw new congressional district lines, which can boost a party's candidates for the next decade.

Go deeper (1 min. read)Arrow
Alayna Treene, author of Sneak Peek
34 mins ago - Politics & Policy

Vaccinations, relief timing dominate Sweet 16 call

Sen. Joe Manchin (D-W.V.) speaks during a news conference in December with a group of bipartisan lawmakers. Photo: Caroline Brehman/CQ-Roll Call, Inc via Getty Images

Vaccine distribution, pandemic data and a cross-party comity dominated today's virtual meeting between White House officials and a bipartisan group of 16 senators, Senator Angus King told Axios.

Why it matters: Given Democrats' razor-thin majority in both chambers of Congress, President Biden will have to rely heavily on this group of centrist lawmakers — dubbed the "Sweet 16" — to pass any substantial legislation.

Go deeper (1 min. read)Arrow