Budget allots $5.5 BILLION for ObamaCare program decried as a ‘bailout’

The Hill ^ | 04 March 2014 | Jonathan Easley

[Lorianne]

The White House’s 2015 budget proposes spending $5.5 billion next year on an ObamaCare program that Republicans have labeled a “bailout” of the insurance industry.

The Affordable Care Act creates a temporary pool of money, known as risk corridors, to pay insurers who enroll a higher-than-expected number of sick patients through 2016.

The exchanges appear to be attracting older consumers, who tend to be sicker. The Health and Human Services Department has said that 25 percent of those who had signed up for ObamaCare coverage between October and December were between the ages of 18 and 34.

That’s far below the 40-percent benchmark that experts consider optimal for the exchanges, although many predicted the young and healthy would wait until closer to the enrollment deadline to seek coverage.

[Diana in Wisconsin]

Is it too late to read this ACA/0bamacare bill before We The People vote on it?

*SPIT*

[SandRat]

[stylin19a]

The exchanges appear to be attracting older consumers, who tend to be sicker

whoa ! never saw this coming.

[mrsmith]

The healthcare meme this election will be: “More money!”

It always works for the Democrats. The media always play along (for their cut). ‘Mean-spirited’ conservatives need not apply.

[Lizavetta]

And now you know, boys and girls, why you heard barely a squawk from the insurance companies as they were mandated by law to cancel all those wonderful premium-paying plans. You might ask yourself, why wouldn't they fight a law that eliminated most of their clients.

A, they simply hopscotched over to the exchanges where they could charge more, and B, if they lost money on sickies Obama would bail them out.