[SkyPilot]

And now the industry lobbying group America's Health Insurance Plans — which happens to be helmed by Marilyn Tavenner, who previously oversaw the implementation of Obamacare as head of the Centers for Medicare and Medicaid Services — is aggressively fighting for more money.

The insurers backed ObamaCare!! So did AARP.

The CEOs of the largest for-profit health insurance corporations stood to gain huge financial windfalls from a law that would require Americans to buy coverage from them. Wall Street made Billions on this whole scam.

And now, when they "discover" that ObamaCare's "enrollees" are deadbeats and abusers of the healthcare system, they want a "bailout."

[St_Thomas_Aquinas]

At issue is a provision within the law known as the risk corridors program.

Give me liberty or give me the risk corridors program!

I don't know if the Founders are laughing or crying.

[RedEyeJack]

The Demcrats OWN this monster! They passed it to find out what was in it and told their voters they would take care of them; a huge lie, or at best amateurish stupidity.
There should be blood to pay, if not financial then at least political.

First, before Republicans even consider increasing this mess Obama, Reid, and Pelosi will have to publicly admit they were wrong and are totally responsible for the mess they have created. In the meantime let the insurers fail. They supported the Democrats and they should pay for their poor judgement too. Let those who are caught in the Democrats trap continue to pay the TAX (are are you listening John Roberts?) the ACA PLACES on them - or the huge deductibles now coming to pass in the ACA market.

When the Dems ask for help use this as an opportunity to create a form of catastrophic insurance for the needy and a Medicare plan to cover the high costs of end-of-life care... and also remove illegal immigrants from any form of taxpayer supported healthcare.

[SteveH]

unexpected+drink bump

[St_Thomas_Aquinas]

Republicans, fearing that this could turn into an open-ended government bailout in the event of industry-wide losses, included a provision in last year's spending bill that limited the program, requiring HHS to pay out only from the pool of money collected, rather than supplementing it with other sources of government funding. President Obama signed that bill.

HHS will supplement it with other sources of government funding.

[COBOL2Java]

Now that insurers have been able to look at medical claims, what they've found is that enrollees in Obamacare are disproportionately sicker, and losses are piling up.

They're shocked, shocked I tells ya!

[bert]

——Wall Street made Billions on this whole scam.——

You have confused me with your statements. The thrust of the piece is that the health insurers over all did not fare well. In fact the reported loss is 2.508 billion. (2.87- .362) Those that did well predicting the risk had 362 million taken back.

It would seem that all the insurors either broke even or lost money.

That being so, who on Wall Street made billions? It doesn’t seem to be the insurors.

[tacticalogic]

Looks like it’s just an end-run around limits on subsidies for the insured.

[4rcane]

How willing are private companies willing to risk their own money on a promise of a bailout from obama down the road?

[Graybeard58]

the federal government is to collect money from health insurers doing better than expected and use those funds to provide a federal backstop to other insurers who incur larger than expected losses from rising medical claims.

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If this is not the very essence of communism, what is?