Maybe one of you fiscal experts can help me on this question. If the premium rates and deductibles/co-pays on Obamacare take a big rise because of the lack of young adults participating and the Administration wants to subsidize those increases with taxpayer dollars does it have the authority/capability of doing that without the approval of Congress?
I don’t know the answer to your question. It is a great question and one I suspect the answer lays within the law, as yet undiscovered. There is so much legalese, within this law, and knowing what one and everyone here knows about democRATs anything and everything to kill our nation maybe is included in this law. I truly believe the democRATs and their allies, in the media, have a death wish for all of us. Wish I was more optimistic but .... things are starting with this law that will be completely out of control for many Americans soon including many people in the democRAT base. What is surprising to me though is before the democRAT base figures out what their party did to them, the party (if one may call this a party) will just be beginning. (imho)
“If the premium rates and deductibles/co-pays on Obamacare take a big rise because of the lack of young adults participating and the Administration wants to subsidize those increases with taxpayer dollars does it have the authority/capability of doing that without the approval of Congress?”
Yes they wrote something in the rules called a risk corridor so under your scenario if the insurers losses exceed 8 per cent of the cost of the program the government must reimburse them for 80 per cent of the loss. The administration was counting on these cancellations of healthy younger folks to come into the exchange and pay higher premiums to subsidize the older sicker poorer folks who are the first ones to sign up for their subsidized freebes. Now with Obama delaying the cancellations the pool of high risk participants is a loser economically.
“The secretary shall determine...”