Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minority Leader Chuck Schumer said President Trump doesn't know what's in the health care deal. Photo: Andrew Harnik/AP

The Trump administration rejected Democrats' proposals to prevent a windfall for insurance companies as part of the Senate's bipartisan health care bill, Minority Leader Chuck Schumer said today. He said Democrats wanted to delay the enrollment window so insurers could recalculate their premiums rather than sit on extra cash — but that the Trump administration nixed the idea.

Why it matters: Schumer essentially said that the administration opposed a policy that would have helped address the president's complaints about "insurer bailouts."

The issue: Insurance companies in most states have already finalized their premiums for 2018, and most of them are charging higher premiums because they assumed they wouldn't be receiving federal payments for the Affordable Care Act's cost-sharing reductions. The compromise bill from Sens. Lamar Alexander and Patty Murray would restore those payments — on top of the extra premium dollars insurers are already locked into.

What the bill does: Insurers that charged higher premiums because they assumed they wouldn't receive the CSR payments would have to return the extra premium revenues to consumers and the federal government.

  • Giving insurers time to recalculate new premiums, with the knowledge they would be receiving the CSR payments, would have made this "double dipping" prevention unnecessary.
  • "The money does not go to the insurance companies...we demanded it. Both sides," Schumer said.

How it happened: Schumer said Sen. Lamar Alexander, the GOP author of the bill, was fine with the idea personally but rejected it because of White House opposition. A senior GOP aide said that isn't true, calling the proposal to delay open enrollment "ridiculous" and saying that Alexander immediately rejected it.

  • "We're two weeks away from open season," the aide said, "and not passing anything this week or next week."

Go deeper

Bryan Walsh, author of Future
19 mins ago - Politics & Policy

President Biden faces a deeply broken America

Illustration: Aïda Amer/Axios

As President Biden begins his term in office today, he'll be tasked with leading a country beset with deep, long-term problems.

Why it matters: Though the pandemic has made them worse, existential challenges around inequality, social alienation and political division in the U.S. were in place well before SARS-CoV-2 arrived on American shores. The country's future will depend in large part on whether the choices made over the next four years can flatten the curve of American decline.

Facebook, Instagram transfer accounts, followers to Biden administration

Screenshot of official White House Facebook account.

Facebook on Wednesday confirmed that it is transferring the millions of followers of the official Facebook and Instagram White House accounts to the Biden administration.

Details: The accounts for "@POTUS," "@VicePresident" ("@VP" on Instagram) and "@FLOTUS" are having the followers from their personal Pages and accounts be transferred over. It's unclear when that transition process will be complete.

Updated 48 mins ago - Politics & Policy

Inauguration Day dashboard

Biden delivers his inaugural address on the West Front of the Capitol. Photo by Tasos Katopodis/Getty Images

President Biden has delivered his inaugural address at the Capitol, calling for an end to the politics as total war but warning that "we have far to go" to heal the country.

What's next: Biden signs executive orders and swears in day one presidential appointees in a virtual ceremony.