Collins Gets McConnell To Support $10 Billion For Reinsurance Over Two Years

Maine GOP Sen. Susan Collins Friday (Dec. 1) secured support from Senate Majority Leader Mitch McConnell (R-KY) for legislation that would provide $5 billion annually over two years for state-based high-risk pools or reinsurance funds, up from the $2.25 billion a year included in legislation Collins sponsored along with Sen. Bill Nelson (D-FL), in addition to a commitment to support the bipartisan Alexander-Murray market stabilization legislation. McConnell told Collins in a colloquy on the Senate floor that he support the...