The companies singled out in a Republican report on the healthcare law’s costs have gotten more than $150 million from the law to help control their expenses.
Republicans on the Energy and Commerce Committee released a report Thursday that said President Obama’s healthcare law will raise costs for the members of Obama’s Council on Jobs and Competitiveness.
The members of that council received tens of millions of dollars from a program under the health law that helped employers provide coverage to early retirees.
Thirteen of the council’s 27 members received money from the Early Retiree Reinsurance Program (ERRP). And some of the biggest recipients are the same companies that featured most prominently in Republicans’ criticism.
The GOP report, for example, says General Electric is expecting to see several specific increases in its healthcare costs because of the new law. GE had drawn down more than $38 million from ERRP as of this February.