Paul Ryan Fundraised With Health Insurance Lobbying Firm Just Before His PowerPoint – The Intercept
JUST HOURS BEFORE House Speaker Paul Ryan held a press conference to sell his health care overhaul legislation — using a PowerPoint presentation mocked for misrepresenting basic facts — he was doing something he’s much better at: fundraising.
The two things were related. The Thursday morning breakfast fundraiser he attended was hosted by a lobbying firm working to unwind the Affordable Care Act on behalf of health insurance company Blue Cross Blue Shield, one of the big winners of Ryan’s proposed legislation.
The breakfast, according to an invitation, was sponsored by McGuireWoods PAC, the political action committee for the lobbying firm McGuireWoods. Blue Cross Blue Shield, an Anthem company, pays McGuireWoods $120,000 a year to lobby on changes to health reform, records show. Attendees of the event paid were asked to pitch in as much as $10,000.
Ryan’s American Health Care Act (AHCA), which rolls back most of the revenue-generating provisions of the ACA, reduces premium subsidies, and imposes deep cuts to Medicaid, has largely been panned by medical professionals, health policy experts, and political advocacy groups from across the ideological spectrum.
But the bill enjoys enthusiastic support from some corners of the health care industry — primarily health insurance firms and medical device companies that directly benefit from the legislation.
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