Jun 7, 2017

The WH divide: Stabilize the ACA or let it collapse

Pablo Martinez Monsivais / AP

The Washington Post adds to the reporting on the Trump administration's internal disagreements about what to do about the Affordable Care Act. There's been a divide over whether to let it deteriorate and strengthen their case for repeal, even if they're blamed for the collapse, or take steps to help insurers in the meantime. Here's who's on each side, per the Post:

  • Don't help: Vice President Mike Pence, Office of Management and Budget Director Mick Mulvaney.
  • Help if the GOP health care bill doesn't pass: Health and Human Services Secretary Tom Price.

Why it matters: The White House clearly wants to talk up the problems with the law as much as possible — President Trump is meeting in Cincinnati today with people who say they've been hurt by the law. But insurers are increasingly blaming the administration's negativity about the law as they announce big rate hikes for next year or pull out of the ACA marketplaces completely.

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Democrats demand new Russia sanctions over 2020 election interference

Putin and Trump. Photo: Kremlin Press Office/Handout/Anadolu Agency/Getty Images

Senate Democratic leaders will send a letter to Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin on Monday afternoon demanding they sanction Russia — and potentially Russian President Vladimir Putin himself — for attempting to influence the 2020 presidential election.

Why it matters: The letter follows reports that a senior intelligence official briefed Congress that Russia is again interfering in the November election to help Trump. White House national security adviser Robert O'Brien repeatedly rejected that assessment on Sunday, and CNN later reported that the briefer may have overstated the intelligence community's evidence about Russia's goals.

Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.