"I want to thank our witnesses for coming today, and I want to start with the risk-mitigation mechanisms in the law, which we commonly refer to as the three Rs, as I mentioned earlier."
"Now, the risk corridor program also ended up not coming through to the CO-OPs as we learned very painfully in Colorado in the last couple of weeks."
"this should not be a partisan issue. We all need to figure out what's going on with these CO-OPs closing."
"Congress rescinded the remaining lending authority for CO-OPs, which essentially blocked the establishment of further CO-OPs."
"The risk-corridor payments and full payment of it was promised repeatedly to the CO-OPs."
"Given that, how is it that the CO-OPs wound up owing money to big insurance companies through the risk adjustment program?"
"So why is that?"
"Do you think that you can do anything to give more certainty to this program without statutory changes? Yes or no?"
"I really think that the comparison of the CO-OPs to a private business is a little unfair."
"the uncertainty in those states is really contributing to instability in the whole insurance market in those states."
"I hope that Volkswagen can similarly tell us today what is happening, and I hope that they will get beyond this series of terrible decisions and do something to restore the public trust."