Arlington, VA – In advance of this evening’s Pennsylvania U.S. Senate debate, Freedom Partners Action Fund has put together three key questions for Katie McGinty on cronyism, tax hikes and healthcare. Please find the questions below, along with the supporting research for each topic. We’re hopeful Pennsylvanians will have the opportunity to hear Katie McGinty address each of these important issues today, and throughout the rest of the campaign.
- Q: Katie McGinty has a documented history of leveraging her public positions for personal financial gain. While working for the Pennsylvania Department of Environmental Protection, McGinty helped steer taxpayer dollars to companies that later employed her in advisory roles, including one that paid her a six figure salary. Isn’t this kind of revolving-door self-dealing exactly what’s wrong with Washington?
- Q: Katie McGinty has supported budgets that would have raised taxes on middle-class Pennsylvanians, including on necessities like day care, nursing homes, and diapers. Does Katie McGinty acknowledge that these tax hikes would have hit the Pennsylvanian middle-class? How can Pennsylvanians trust that she won’t increase taxes on the middle class like she claims?
- Q: The nonpartisan Government Accountability Office (GAO) found that the Obama Administration is illegally using billions of tax dollars to bail out health insurance companies. Does Katie McGinty agree with the GAO that these bailouts are illegal, and if so – will she stand up to the administration?
THREE DEBATE QUESTIONS FOR KATIE MCGINTY
Q: Katie McGinty has a documented history of leveraging her public positions for personal financial gain. While working for the Pennsylvania Department of Environmental Protection, McGinty helped steer taxpayer dollars to companies that later employed her in advisory roles, including one that paid her a six figure salary. Isn’t this kind of revolving-door self-dealing exactly what’s wrong with Washington?
She Cashed Out, Made Thousands Working For Companies…
After Leaving Office, McGinty Joined The Board Of Iberdrola, Where She Earned Six Figures In Compensation. “In 2009, she joined the board of Iberdrola USA, a Spanish wind and natural gas energy … A 2015 financial disclosure form with the U.S. Senate showed that McGinty earned $125,000 in compensation for her position on Iberdrola’s board.” (Wallace McKelvey, “Katie Mcginty May Return To Washington With U.S. Senate Bid,” The Patriot-News, 4/6/16)
After Leaving Office, McGinty Accepted An Advisory Position With Plextronics. “Plextronics, Inc. announced today that Kathleen McGinty, former Secretary of the Pennsylvania Department of Environmental Protection (DEP), has accepted an advisory position with the company. She will provide guidance to Plextronics’ senior management team on the general strategic direction of the company, as well as help build and maintain relationships with government officials and other key players in the energy industry.” (Press Release, “Former Secretary Of PA Department Of Environmental Protection McGinty Joins Plextronics As Advisor,” Plextronics, Inc. via PR Newswire, 6/26/09)
In 2003, McGinty Began Talks To Lure Spanish Corporation, Gamesa, And Companies Apart Of Their Supply Chain, To Pennsylvania. “McGinty had heard that Gamesa was scouting locations for a U.S. expansion, possibly in wind-rich Texas. So the Philadelphia native took an extra day and made a pitch for her home state, beginning a series of meetings between Gamesa and state and local officials. … Now McGinty has hopes of getting some of that back, in part by encouraging Gamesa to expand and by trying to lure companies that are part of its supply chain.” (Jeff Gelles, “Pa. To Leverage…,” Philadelphia Inquirer, 6/20/07)
- In 2003, Secretary Katie McGinty Spoke At A Conference In Bilbao, Spain, Home To Gamesa Corporation. She Heard That Gamesa Was Scouting For Locations In The U.S. And Took And Extra Day To Pitch To The Corporation, Beginning A Series Of Meetings Between Gamesa And State And Local Officials. “Bilbao is in Spain’s Basque region, home to Gamesa Corporacion Tecnologica S.A.,Spain’s largest wind-turbine manufacturer and a worldwide leader in the burgeoning wind-energy business. One of the speakers at the recycling conference was Kathleen McGinty, Pennsylvania’s newly minted secretary of environmental protection. McGinty had heard that Gamesa was scouting locations for a U.S. expansion, possibly in wind-rich Texas. So the Philadelphia native took an extra day and made a pitch for her home state, beginning a series of meetings between Gamesa and state and local officials. (Jeff Gelles, “Pa. To Leverage…,” Philadelphia Inquirer, 6/20/07)
“McGinty said her pitch had not changed from the one she gave Gamesa: Pennsylvania has a reliable workforce, great location, solid infrastructure and electrical grid, and good highways and railroads for delivering turbine components – all crucial considerations for making, delivering and using Gamesa’s massive wind-power units, which are topped by three six-ton blades and, from ground to blade-tip, stand about 40 stories tall. (Jeff Gelles, “Pa. To Leverage…,” Philadelphia Inquirer, 6/20/07)
- McGinty Knew The Head Of Gamesa From Her Work At NatSource LLC, The Wall Street Firm She Left To Take The Job As Gov. Ed Rendell’s Environmental Secretary “Kathleen McGinty and Inaki Lopez Gandasegui go back a few years, and their relationship will soon pay dividends for Pennsylvania. Lopez, the head of a Spanish wind energy company, will headquarter his American operations in Philadelphia, possibly bringing 1,000 jobs with it.
“A separate production plant, which will build windmill blades and turbine parts, may employ as many as 400. Six sites across the state are being scouted, and at least two of them are in southwestern Pennsylvania. The company, called Gamesa Corp., will also locate a development and marketing office in Philadelphia. The main business office will employ up to 100.”
“McGinty, secretary of the state Department of Environmental Protection, has known Lopez since her three-year stint as a vice president with NatSource, a Wall Street firm that specializes in energy investment and trading. In 2003, she left NatSource to take the job as Gov. Ed Rendell’s environmental secretary, and not long afterward, she learned that Lopez was looking to expand his American operations and open a headquarters here.” (Bill Toland, “Wind Energy Company Coming to Pennsylvania,” Pittsburgh Post-Gazette, 9/24/04)
- McGinty Encouraged Gamesa To Expand By Trying To Lure Companies That Were A Part Of Gamesa’s “Supply Chain.” “Now McGinty has hopes of getting some of that back, in part by encouraging Gamesa to expand and by trying to lure companies that are part of its supply chain.” (Jeff Gelles, “Pa. To Leverage…,” Philadelphia Inquirer, 6/20/07)
Gov. Rendell Credited Katie McGinty With Luring Iberdrola And Gamesa To Pennsylvania
- “Rendell describes McGinty as ‘a strict moderate,’ socially progressive and fiscally conservative. Under her direction, his administration worked to lure renewable energy companies, such as Gamesa and Iberdrola, to Pennsylvania. He remembers being struck by her energy and pragmatism.” (Melissa Daniels, “Gubernatorial Candidate McGinty Builds Name Recognition, Support,” Pittsburgh Tribune Review, 3/23/14)
The Department Of Community And Economic Development Said McGinty Had A “Strong Involvement” In The Gamesa Deal And Related Negotiations. “First, I Would Suggest Informing Secretary McGinty Of This Opportunity Because Of Her Strong Involvement With The Gamesa Deal And Related Negotiations With PPL For A Wind Power Purchase Deal With Gamesa.” (Memo, Pennsylvania Department Of Community And Economic Development, 12/8/05)
In 2005, Pennsylvania Offered Gamesa A $9.31 Million Package Of Grants, Tax Credits, Loans And Job-Training Assistance.
- “In 2005, the state gave Gamesa a $9.31 million package of grants, tax credits, loans and job-training assistance. The company was supposed to create 234 jobs at a Cambria County plant making blades for wind turbines, but the plant closed earlier this year when federal tax credits for wind energy development expired.” (John Finnerty, “Former Local Companies Gamesa, KDH Noted In State Jobs Audit,” Tribune-Democrat, 12/10/14)
In June 2005, McGinty And The Other Members Of The Pennsylvania Energy Development Authority Awarded A $1 Million Loan To Community Energy Inc. To Build A Wind Farm Using Gamesa Turbines.
- “The Pennsylvania Energy Development Authority today awarded $10 million to help finance 17 clean energy projects in the commonwealth.” (Press Release, “PA Energy Development Authority Awards $10 Million For Clean Energy Projects,” Pennsylvania Department of Environmental Protection, 6/23/05)
“Community Energy Inc. will receive $1 million to build a 24-megawatt utility-scale wind farm using Gamesa turbines to produce 73,000 megawatt hours annually. The project will create three full-time positions and as many as 50 construction jobs.” (Press Release, “PA Energy Development Authority Awards $10 Million For Clean Energy Projects,” Pennsylvania Department of Environmental Protection, 6/23/05)
In August 2006, As Pennsylvania’s Secretary Of Environmental Protection, McGinty Oversaw A New $550,000, Two-Year Contract With Community Energy Inc. To Double The Amount Of Renewable Energy The State Purchased From The Firm. “The state contracted July 1 to buy 200,000 megawatt hours in wind and hydroelectric energy from Community Energy Inc. of Wayne at $550,000 a year for two years. The original contract in 2004 was for 100,000 megawatt hours a year at $276,000. A megawatt is a million watts.” (Jeff Price, “Pa.’s Use Of Green Energy Doubling,” Philadelphia Inquirer, 8/30/06)
- Iberdrola Had Purchased Community Energy Inc. Months Before. “With soaring fuel prices making wind energy seem economical as well as green, a local wind-power company agreed yesterday to be bought for $30 million by Iberdrola, a big Spanish rival. Community Energy Inc., of Wayne, said it was selling out because wind’s sudden emergence as a competitive alternative has made it difficult for a small company to obtain equipment increasingly in short supply.” (Jeff Gelles, “Wind-Energy Firm Sells Out To One In Spain Wind-Energy Firm Sells Out To Spanish Concern,” Philadelphia Inquirer, 5/3/06)
In December 2006, McGinty Assured Iberdrola, The Largest Shareholder Of Gamesa, Of Her Full Support For Them To Develop In Pennsylvania
- “Iberdrola’s access to turbines also benefits from its status as the largest shareholder in another Spanish company, Gamesa S.A., which recently established U.S. headquarters in Philadelphia and opened a turbine-blade-manufacturing plant in Johnstown, Pa.” (Jeff Gelles, “Wind-Energy Firm Sells Out To One In Spain Wind-Energy Firm Sells Out To Spanish Concern,” Philadelphia Inquirer, 5/3/06)
- “It is with great pleasure that I hear of your plans to make Pennsylvania Ibderdrola’s U.S. home. It is truly an honor to have a company as accomplished and visionary as Iberdrola join us in our clean energy efforts. I can assure you having made clean energy deployment a signature piece of my administration, you will have our full support in the development of a thriving profitable business in Pennsylvania.” (Letter from Katie McGinty to Ignacio Sanchez Galan [DEP] Secretary’s Signed Correspondence, Carton 12, Pennsylvania State Archives, dated 12/19/06)
In January 2006, Plextronics Was Awarded $1 Million From The Pennsylvania Energy Development Authority (PEDA). “The Pennsylvania Energy Development Authority today approved $8.5 million in grants and loans for 25 clean energy projects that will leverage another $144.3 million in private investment. … Plextronics Inc. – $250,000 grant and $750,000 loan to advance its research into development of the next generation of solar cells based on polymer technology.” (Press Release, “Pennsylvania Governor Rendell Announces $8.5 Million for Clean Energy Projects,” Pennsylvania Office of the Governor, 1/11/06)
- McGinty Served As The Chairperson Of PEDA When Plextronics Was Awarded The $1 Million. “‘Governor Rendell’s leadership is giving Pennsylvania a competitive edge by making sure we have an affordable, reliable supply of clean energy to attract business and industry,’ said Environmental Protection Secretary Kathleen A. McGinty, who serves as PEDA chairperson. ‘As traditional energy costs rise, alternative energy projects not only become more competitive, they become imperative.’” (Press Release, “Pennsylvania Governor Rendell Announces $8.5 Million for Clean Energy Projects,” Pennsylvania Office of the Governor, 1/11/06)
- By December 2006, Plextronics Had Been Awarded $1.3 Million In Grants And Loans Through The DEP. “Additionally, Hannah praised the Commonwealth of Pennsylvania and its Department of Environmental Protection (DEP) for its leadership in developing an aggressive Alternative Energy Portfolio Standard, which is one of the most progressive in the nation, ensuring that 18 percent of all retail energy generated by 2020 comes from clean, efficient and advanced resources. Plextronics has been awarded $1.3 million in grants and loans through the Pennsylvania Energy Development Authority to advance its organic photovoltaic program.” (SustainableBusiness, “Plextronics Named Clean Energy Entrepreneur Of The Year,” SustainableBusiness.com, 12/12/16)
McGinty Praised Plextronics And Said The DEP Was Committed To Working With Companies Like Plextronics
- “DEP Secretary Kathleen A. McGinty Praised Plextronics For Winning The Clean Energy Entrepreneur Of The Year Award And Said, ‘DEP Is Committed To Working With Innovative Companies Like Plextronics To Advance And Accelerate The Deployment Of Affordable Solar Power.’” (Press Release, “Plextronics Named Clean Energy Entrepreneur of the Year,” Plextronics, 12/12/06)
Q: Katie McGinty has supported budgets that would have raised taxes on middle-class Pennsylvanians, including on necessities like day care, nursing homes, and diapers. Does Katie McGinty acknowledge that these tax hikes would have hit the Pennsylvanian middle-class? How can Pennsylvanians trust that she won’t increase taxes on the middle class like she claims?
McGinty’s Campaign Says She Doesn’t Support Middle-Class Tax Increases…
McGinty Says She Won’t Support Any Middle-Class Tax Increase. “McGinty’s campaign says she doesn’t support raising taxes on the middle class. That puts her in line with Democratic presidential candidate Hillary Clinton, who says she wouldn’t raise taxes on middle-class incomes.” (Marc Levy, “Katie McGinty Insists She Won’t Support Middle-Class Tax Increase,” Associated Press/Daily Local News, 09/01/16)
McGinty Worked For Governor Tom Wolf, And Championed His Tax-Hiking Budget…
Katie McGinty Served As Chief Of Staff To Governor Tom Wolf. “Governor-elect Tom Wolf announced today that McGinty will serve as his Chief of Staff once he assumes office. In the meantime, she will help Wolf build his team during the transition.” (Nick Field, “PA-Gov: McGinty To Serve As Wolf’s Chief Of Staff,” PoliticsPA, 11/10/14)
Katie McGinty Led The Charge For This Tax-And-Spend Budget Proposal. “With the delivery of Gov. Tom Wolf’s budget proposals to legislators and committee heads on Wednesday, Chief of Staff Kathleen McGinty stumped for his proposals and downplayed criticisms.” (Christian Alexandersen, “Gov. Tom Wolf’s Chief Of Staff Promotes Budget Proposals,” The Patriot-News, 3/11/15)
- McGinty Defended Revenue Increases In State Budget. McGinty: “In terms of the revenue sources on [the] income tax and sales tax side, the sales tax proposalreally is taken from House and Senate Bills 76. There might be one or two differences between our proposals and House and Senate Bills 76 but it’s pretty darn close to what’s in that legislation.” (Christian Alexandersen, “Gov. Tom Wolf’s Chief Of Staff Promotes Budget Proposals,” The Patriot-News, 3/11/15)
Wolf’s Budget Could Have Been Largest Tax Hike In Pennsylvania History. “Gov. Tom Wolf on Tuesday proposed a more than $30 billion state budget built on a wide-ranging tax restructuring plan that could, if enacted, become the largest tax hike in Pennsylvania history but significantly cut the school property tax.” (Brad Bumsted, “‘Time For Bold Change,’ Wolf Says In Outlining $30B State Budget,” Pittsburgh Tribune-Review, 3/03/15)
Is There Anything Katie McGinty Won’t Tax?
The Wolf-McGinty Budget Proposal Would Have Increased Taxes Across All Income Levels. “But a new report by the Legislature’s nonpartisan Independent Fiscal Office casts a pall over Wolf’s claims. The IFO report, issued Thursday, shows taxes would rise across all income brackets, with those earning more paying more.” (Steve Esack, “Taxes Would Rise Across All Income Levels Under Gov. Tom Wolf’s Budget, Report Says,” The Morning Call, 4/15/15)
- Would Have Increased Income Tax By More Than 20 Percent. “The biggest increase in tax revenues would come from a proposed hike in the personal income tax – the first in 11 years – to generate $2.3 billion next year. The flat tax would increase from 3.07 percent to 3.7 percent and would be expanded to cover lottery winnings.” (Marc Levy And Peter Jackson, “Gov. Tom Wolf Seeks Billions In Higher Taxes For Schools, Tax Revamp,” Associated Press, 3/3/15)
- Would Have Increased Sales Tax By 10 percent. “The sales taxwould go from 6 percent to 6.6 percent, and expand the tax to include 45 items that are now exempt. Wolf estimates the increase and expansion of the tax would raise an additional $1.6 billion over the nearly $8.1 billion the tax generated this year.” (Karen Shuey, “Does Gov. Tom Wolf’s Plan Help Or Hurt The Middle Class?,” Lancaster Online, 3/8/15)
- New Taxable Items Include Diapers, Daycare Services, College Textbooks, And Meals. “The ad’s statement about diapers, daycare services and college textbooks is fairly straightforward. Right now, those things are exempt, so you don’t pay any state sales tax on them. Under Wolf’s plan, you would pay a 6.6 percent rate. … Sales of ready-to-eat foods are currently subject to the tax. So if you buy a hot pizza, your sales tax on that would increase from 6 percent to 6.6 percent under the governor’s plan. College meal plans are currently exempt, but they would be taxed under the governor’s plan. The Department of Revenue estimates eliminating exemptions for higher education meal plans and fees not included as part of tuition would generate $120.9 million for 2016-17.” (Ed Mahon, “PA Fact Finder: Is Scott Wagner’s TV Ad About Wolf’s ‘Tax Hike’ Accurate?,” WITF, 6/22/15)
- Other New Taxable Services Include Nursing And Residential Care Facilities. (“Items And Services Newly Taxable Under Gov. Wolf’s Sales Tax Proposal,” The Morning Call, 3/5/15)
Q: The nonpartisan Government Accountability Office (GAO) found that the Obama Administration is illegally using billions of tax dollars to bail out health insurance companies.Does Katie McGinty agree with the GAO that these bailouts are illegal, and if so – will she stand up to the administration?
McGinty Fully Supports The Implementation And Expansion Of Obamacare, Despite It’s Harm To Pennsylvanians…
In Recent TV Ad, McGinty Claims She Helped Implement Obamacare In Pennsylvania. “The 9th of 10 kids, her dad’s union pension and Social Security made all the difference. In Pennsylvania, McGinty helped implement Obamacare, and expanded coverage for 500,000 people.” (Katie McGinty Website, “McGinty Releases New TV Ad: ‘Champion’,” Katie McGinty Democrat For Senate Website, 03/31/16)
McGinty: “The Affordable Care Act Is Something That Democrats Have To Be Proud Of.”(Youtube, “PA Dems Run Hard To Left, Embrace Single Payer Healthcare,” Youtube Video, 01/31/16)
Pennsylvania Approved Markplace Rate Hikes Averaging 32.5% For Individual Plans For 2017. (State Approved, Individual Medical Plans) (Steve Twedt, “Pennsylvania Approves Major Hikes In Marketplace Plan Rates,” Pittsburgh Post-Gazette, 10/17/16)
The Obama Administration Is Illegally Giving Taxpayer Funds To Obamacare Insurers
According To A New Report From The Government Accountability Office, The Obama Administration Is Illegally Refusing To Make Payments To The U.S. Treasury And Instead Giving Funds Collected Under Obamacare To Insurers. “The Obama administration is illegally refusing to make payments to the U.S. Treasury and instead giving funds collected under Obamacare to insurers, according to a new report from an independent government watchdog.” (Caitlin Owens, “GAO Sides With GOP, Saying HHS Owes Treasury An ACA Deposit,” Morning Consult, 9/29/16)
- “The Funds In Question Were Collected As Part Of Obamacare’s Reinsurance Program.”“The funds in question were collected as part of Obamacare’s reinsurance program, one of three programs included in the health care law to reduce risk for insurers participating on exchanges. Siding with Republicans who have been investigating the program, the Government Accountability Office said Thursday that the law mandates that some of the money collected must be deposited into federal coffers.” (Caitlin Owens, “GAO Sides With GOP, Saying HHS Owes Treasury An ACA Deposit,” Morning Consult, 9/29/16)
“Inconsistent With The Plain Language Of the Statute”
GAO General Counsel Susan A. Poling: “HHS Lacks The Authority To Ignore The Statute’s Directive To Deposit Amounts (Collected Under The Program) In The Treasury.” “‘HHS lacks the authority to ignore the statute’s directive to deposit amounts (collected under the program) in the Treasury,’ the GAO’s general counsel, Susan A. Poling, wrote.” (Ricardo Alonso-Zaldivar, “GAO Report Hands Victory To GOP Opponents Of Obamacare,” The Associated Press, 9/29/16)
- “The Administration’s Interpretation Of The Law ‘Is Inconsistent With The Plain Language Of The Statute,’ [Polling] Said.” (Ricardo Alonso-Zaldivar, “GAO Report Hands Victory To GOP Opponents Of Obamacare,” The Associated Press, 9/29/16)
“But The GAO Report Says The Law Is The Law, Regardless Of How Things Have Played Out In Reality.” (Caitlin Owens, “GAO Sides With GOP, Saying HHS Owes Treasury An ACA Deposit,” Morning Consult, 9/29/16)
GAO Has No Authority To Enforce Its Interpretation Of The Law, Up To Congress To Fix It
The GAO “Has No Authority To Enforce Its Interpretation Of The Law.” “The GAO has no authority to enforce its interpretation of the law, so it’s unclear what happens next. But the finding is only the latest strike against Obamacare’s programs that were designed to provide stability to insurers trying to transition into the new health care landscape. It comes while insurers are already having difficulty with the transition, with exchange premiums on the rise and several plans announcing they will be pulling out of the marketplace in 2017.” (Caitlin Owens, “GAO Sides With GOP, Saying HHS Owes Treasury An ACA Deposit,” Morning Consult, 9/29/16)
Senior Vice President Of The Kaiser Family Foundation Larry Levitt: “At Least As It Stands, Insurers Have Their Money. If There Was Some Legal Action That Took The Money Back From Insurers, It Would Add To The Pile Of Problems Insurers Have Had In The Marketplaces.” “‘At least as it stands, insurers have their money. If there was some legal action that took the money back from insurers, it would add to the pile of problems insurers have had in the marketplaces,’ said Larry Levitt, senior vice president of the Kaiser Family Foundation.” (Caitlin Owens, “GAO Sides With GOP, Saying HHS Owes Treasury An ACA Deposit,” Morning Consult, 9/29/16)
- Larry Levitt: “I Don’t Think The Administration Wants To Do Anything To Upset Insurers Right Now.”“‘I would be very surprised if the administration did it, unless for some reason they legally had to,’ he said. ‘I don’t think the administration wants to do anything to upset insurers right now.’” (Caitlin Owens, “GAO Sides With GOP, Saying HHS Owes Treasury An ACA Deposit,” Morning Consult, 9/29/16)
HOW DID WE GET HERE?
A Program Called “Transitional Reinsurance” Was Created To Collect “Fees From Employer And Other Private Health Insurance Plans” And Channel “The Money To Health Plans That Face Large Claims For Treating Patients With Catastrophic Medical Problems.” “At issue is how the administration has handled a little-known, but important program called ‘transitional reinsurance.’ Working in the background of the law’s coverage expansion, the three-year program collects fees from employer and other private health insurance plans and channels the money to health plans that face large claims for treating patients with catastrophic medical problems.” (Ricardo Alonso-Zaldivar, “GAO Report Hands Victory To GOP Opponents Of Obamacare,” The Associated Press, 9/29/16)
- Obamacare Specified The Amounts To Be Collected In Each Of The Program’s Three Years Of Operation And Distinguished Between Three Different Uses Of The Money: Making Reinsurance Payments, Depositing Funds In The Treasury, And Administering The Program.” (Caitlin Owens, “GAO Sides With GOP, Saying HHS Owes Treasury An ACA Deposit,” Morning Consult, 9/29/16)
When The Program Failed To Collect Enough, The Department Of Health And Human Services “Opted To Funnel All Of The Money” Collected Towards Insurers. “In 2014, the industry-funded reinsurance program was supposed to provide $10 billion to insurers and $2 billion to the federal Treasury. But when total collections from insurers amounted to only $9.7 billion, the Department of Health and Human Services opted to funnel all of the money toward insurers. The agency paid insurers $7.9 billion in claims for 2014, the first year of exchange coverage, and held over the remaining $1.7 billion for future payments.” (Paul Demko, “Watchdog Knocks Administration For Misusing Obamacare Funds,” Politico, 9/29/16)
The Law Specifies That The Treasury Department Is Owed $5 Billion Over The Course Of Three Years. “It specifies that, for reinsurance purposes, $10 billion should be collected in 2014, $6 billion in 2015, and $4 billion in 2016. For the Treasury, an additional $2 billion must be deposited in 2014 and 2015, and an additional $1 billion is owed in 2016. The administration can decide how much to collect for administrative costs.” (Caitlin Owens, “GAO Sides With GOP, Saying HHS Owes Treasury An ACA Deposit,” Morning Consult, 9/29/16)