(Bloomberg Politics) — Congressional Republican leaders say they have a fallback plan ready to go if the Supreme Court cripples a core component of the Patient Protection and Affordable Care Act of 2010 (PPACA) this month.
But the details of the plan are being kept secret.
See also: What happens if health insurers fail?
"We'll have a plan that makes sense for the American people," Senate Majority Leader Mitch McConnell said Monday in a radio interview with The Joe Elliott Show.
But what's in the plan?
"We'll let you know depending on the outcome of the decision," the Kentucky Republican said, referring to the case King vs. Burwell, which is expected to be decided this month.
Bloomberg tried to get answers Tuesday from the senior Republicans who work on health policy. Their fallback plan might interest millions of Americans who stand to lose their insurance subsidies, as well as the insurance industry, which would likely lose many customers and be compelled raise premiums. Details to come, the planners say.
"Yeah, we are" ready to act, Tennessee Sen. Lamar Alexander, the chair of the Health, Education, Labor and Pensions Committee, said in an interview. But what will the action be? "We'll let you know if we have to do it," he said.
Senate Republican Conference Chair John Thune of South Dakota said that if the Supreme Court "give[s] us seven months to fix this, we'd love the opportunity to try to come up with a better alternative."
