Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Lockbox; henkster

Yup .... to expound on the subject (people who write/explain better than I do):

Good article:
UnitedHealth Group Losing Big Money and Threatening to Leave the Obamacare Exchanges—Because the Obamacare Insurance Business Model Does Not Work

http://healthpolicyandmarket.blogspot.com/2015/11/unitedhealth-group-losing-big-money-and.html

Excerpt: That the Affordable Care Act’s individual market risk pool is so far unacceptable was reinforced by a recent McKinsey report that health insurers lost an aggregate $2.5 billion in the individual health insurance market in 2014—an average of $163 per enrollee. They reported that only 36% of health plans in the individual market made money in 2014—and that was before they found out that the federal government was only going to pay off on 12.6% of the risk corridor reinsurance payments the carriers expected and many had already booked.

**************************************************
Did Rubio deal a mortal blow to ObamaCare?
http://hotair.com/archives/2015/11/25/did-rubio-deal-a-mortal-blow-to-obamacare/

Excerpt: Two years ago, Marco Rubio won a fight during the budget battles to include a requirement for HHS to maintain budget neutrality in its risk-corridor programs. Rubio had pushed back against this program for months, claiming — as it happens, accurately — that it was a back-door bailout of the insurance companies that had cooperated in the effort to pass ObamaCare. Instead of allowing HHS to dip into general funds for risk-corridor payments, Rubio’s rider restricted those payouts to funds collected from taxes on insurers.

The move forced HHS to cut expected risk corridor payments to pennies on the dollar, and prompted the closure of more than half of the co-ops launched by HHS to provide supposedly low-cost coverage. Now that United Healthcare has signaled that it may cut its losses and get out of the ObamaCaure market, The Hill credits Rubio with starting the death spiral many predicted when Democrats first passed ObamaCare in March 2010


14 posted on 02/25/2016 11:38:58 AM PST by Qiviut (In Islam you have to die for Allah. The God I worship died for me. [Franklin Graham])
[ Post Reply | Private Reply | To 8 | View Replies ]


To: Qiviut

How many of the insurance companies were out protesting before the passing of O’Shitcare? If any, I missed it.


17 posted on 02/25/2016 11:58:39 AM PST by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85)
[ Post Reply | Private Reply | To 14 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson