MDM4AU 330 Posted October 28, 2015 Share Posted October 28, 2015 For the record, I called this a long time ago... Obamacare insurers have been struggling with a shortfall of federal funds, which could lead to higher premiums for Obamacare plans, experts said.The Affordable Care Act set up a risk corridor program to help insurers that take on too many sickened or older Americans. The law requires insurers to accept every applicant regardless of health status or pre-existing condition. The program works by having insurers whose profits reach past a certain threshold paying into it, and the administration paying out to insurers that have big losses. Obamacare insurers requested about $2.9 billion in risk corridor payments for the 2014 calendar year, but they only received $362 million, a mere 12 percent of what they asked for. The shortfall happened because insurers requested more than what was paid into the program. http://www.washingto...article/2574964 Health insurers that sold plans and lost money on the Affordable Care Act's exchanges in 2014 will receive only a portion of their promised safety-valve payments, according to government data released Thursday.Read more here: http://www.modernhea.../NEWS/151009996 Link to comment Share on other sites More sharing options...
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