CMS letter to state regulators on ObamaCare “fix” hints at “risk corridor” bailout for insurers

Hotair ^ | 11/15/13 | ALLAHPUNDIT

[jimbo123]

Excellent catch by Chris Jacobs at Heritage. If you read the post about Rubio’s anti-bailout bill, you already know what “risk corridor” means.

-snip-

So are insurance company executives, of course; they’re meeting with Obama today to express their “concern.” So here’s a pot-sweetener for them from CMS in the nick of time: If they decide to un-cancel some plans and end up taking a beating financially from the adverse selection that results, Uncle Sam will be there to make everything right. I must have read three dozen blog posts yesterday wondering how O would be able to keep insurers on his side, working together with the White House to implement Healthcare.gov and the rest of the law, now that he’s gone and made them scapegoats for the cancellation mess. Turns out the answer’s simple. He’s going to buy them off. When, not if, healthy consumers avoid the exchanges and re-claim their old coverage instead, insurers will be indemnified to some greater or lesser (read: greater) degree by the “risk corridor” provisions. It’s a transitional bailout, essentially.

[FlingWingFlyer]

The flippin’ Kenyan using OUR tax dollars to bail out his communism. Talk about another “In Your Face, America” moment from the sexual deviants and drug addicts on Capitol Hill and on Pennsylvania Avenue.

[Hotlanta Mike]

Not so fast Bathhouse Barry...

Rubio to introduce bill that would repeal “risk corridor” — a.k.a. bailout — provisions of ObamaCare

http://hotair.com/archives/2013/11/15/rubio-to-introduce-bill-that-would-repeal-risk-corridor-a-k-a-bailout-provisions-of-obamacare/

[Buckeye McFrog]

Rubio did a very wise thing rolling this out when he did. He has blown their cover. Insurers now know they won’t be able to cut deals with Obama under cover of darkness.

[PeteePie]

Awesome! Great! Who the hell will sign it? All it’ll do is bring the issue into a small shaft of light, the media will ignore it while the sick, poor and elderly pray against it. I hate this place.