Posted on 12/01/2015 5:59:14 PM PST by RKBA Democrat
The Affordable Care Act (ACA) is not working out the way many insurance companies thought it would. Despite the individual mandate and massive new government subsidies delivered directly to insurers, many participating insurers, whose continued participation is essential to the ACAâs future, are losing substantial money.
In order to assist those insurers, the administration is now seeking a taxpayer-financed bailout for them. Congress can block taxpayer funds from being used for this purpose by extending language contained in the 2015 government funding bill. Congress could also look to end the back-end subsidy that transfers money from people with workplace coverage to insurers selling ACA plans â plans that satisfy all of the new rules of the law.
(Excerpt) Read more at forbes.com ...
intelligent article. Hard to believe insurers didn’t realize the way insurance would be used as detailed in the story. Using coverage then dropping or downgrading plans. They had to have assurances from Obama that tax payers would in the end be forced to make u the difference.
My insurance was picked up by the firm. Last June they stopped because of the penalties because they weren’t picking it up firm wide. They were damned if they do and damned if they don’t. It amounted to a $1200 a month pay cut. Now it comes out of my earnings. I am now on dialysis and pretty much have no say in the matter.
Can someone say... ‘Paul Ryan?’
Exactly
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