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You are talking the ACA's 'risk corridor' - it is not a bailout - little or no taxpayer funds are used. It's more like a temporary 1st year insurance pool to help insurers with the uncertainties of the ACA. This will be yet another distorted Republican fear-mongering talking point that they are going to lose.
"Under the Patient Protection and Affordable Care Act, insurers who record a profit of 3 percent or more on their Obamacare business would put some of the gains into a government-controlled fund. Companies whose claims cost at least 3 percent more than their premium revenue can access the money."
From the OP article:
"CMS issued its final regulation on the matter including:
As we stated in the bulletin, we anticipate that risk corridors collections will be sufficient to pay for all risk corridors payments. That said, we appreciate that some commenters believe that there are uncertainties associated with rate setting, given their concerns that risk corridors collections may not be sufficient to fully fund risk corridors payments. In the unlikely event of a shortfall for the 2015 program year (HaHa), HHS recognizes that the Affordable Care Act requires the Secretary to make full payments to issuers. In that event, HHS will use other sources of funding for the risk corridors payments, subject to the availability of appropriations.
In other words, if insurance companies as a whole claim more money from the risk corridor program than they paid in, CMS just promised they would use taxpayer dollars to bail them out.
You won't find a mainstream source for this because it is nothing more than a "what if" article.
You won't find a mainstream source because the media is in Obama's pocket. No mainstream coverage of Fast and Furious, Benghazi, IRS targeting and this quid pro quo insurance company bailout. Keep watching news about the missing plane and some old man NBA owner's racist comments while the country is being destroyed by the left wing radicals.
You won't find a mainstream source because the media is in Obama's pocket. No mainstream coverage of Fast and Furious, Benghazi, IRS targeting and this quid pro quo insurance company bailout. Keep watching news about the missing plane and some old man NBA owner's racist comments while the country is being destroyed by the left wing radicals.
Someone just posted an article from the LA Times, that counts as "mainstream source" to me.
Maybe it is time for you to find a different channel to watch if all your news is talking about is a missing plane that happened a while ago and Donald Sterling.
No, I just missed that post. Then I guess there is the OP's answer, the LA Times talked about this "what if" so problem solved.
Too bad the MSM didn't talk about the "what if" young people don't sign up for Obamacare; the "what if" the president is lying about keeping your Dr and plan; the "what if" families don't save $2500 a year; the "what if" people sign up and don't pay.
What if there was an illegal guns transfer from Libya through Turkey to Syrian rebels.
What if Obama was fixing an election by targeting his opposition with the IRS.
What if Obama does not have cabinet meeting, get NSA security reports daily and is only interested in golf, WH parties, vacations and fundraising. Then does not deal with real problems like the VA because he only saw it on the news like the rest of us.
Too bad the MSM didn't talk about the "what if" young people don't sign up for Obamacare; the "what if" the president is lying about keeping your Dr and plan; the "what if" families don't save $2500 a year; the "what if" people sign up and don't pay.
What if there was an illegal guns transfer from Libya through Turkey to Syrian rebels.
What if Obama was fixing an election by targeting his opposition with the IRS.
What if Obama does not have cabinet meeting, get NSA security reports daily and is only interested in golf, WH parties, vacations and fundraising. Then does not deal with real problems like the VA because he only saw it on the news like the rest of us.
Setting up a bailout framework for the insurance companies creates a safe haven comfort level for these companies, allowing them to set rates and delay rate hikes until the elections (not that insurance companies are that interested in the elections, the powers that set up the bailout strategy are).
The primary purpose of this strategy is that it, (via artificially deflated costs) will provide the numbers and talking points on ACA necessary for proponents to (falsely) claim that ACA is working. Success is the narrative that needs to be maintained to win elections and it's become apparent that creating deceptive baseline expenses related to the program is the only way the perception of 'success' can be achieved.
So an illusion of perceived costs will be strung along until the proponents are elected. Once they're in office, they'd have majority power to extend perceived costs (via more bailouts). Insurance companies (large corporations in general) are all about bottom line, but they'll play along with just about any perversion of a carrot on a stick as long as they're getting paid.
If ACA were presented with actual costs it would be a lot less popular on the beltway as well as in the minds of the general public.
Last edited by AKA Bubbleup; 05-23-2014 at 08:32 AM..
Reason: sp
Quote:
Originally Posted by Longford More false reports. "What if's" presented as facts. "The sky is falling, the sky is falling!" Well maybe it'll fall on the heads of the America-haters.
Quote:
Originally Posted by steven_h
Are you implying that people against bailing out the insurance companies, who actually crafted the ACA to begin with, are America-haters?
First it was bailing out the banks, then the auto industry, then home owners after the robo-signing debacle, and now the insurers that wrote the ACA in the first place (what a scam!) Next it'll be bailing out colleges because the student roles are plunging, and they can't pay for those multi-million dollar saunas and billion-dollar sports centers/stadiums.
next we'll be bailing out Greece to keep Greek Yogurt on our shelves. I mean, if we're going to become absurd clowns, we may as well go all the way.
I'm guessing that would be a YES! You actually threw that out... really? Amazing!
Quote:
Originally Posted by AKA Bubbleup
Setting up a bailout framework for the insurance companies creates a safe haven comfort level for these companies, allowing them to set rates and delay rate hikes until the elections (not that insurance companies are that interested in the elections, the powers that set up the bailout strategy are).
The politicians have become the yes men of multi-national corporations. They pass laws to rape Americans, and then when their law fails (intentionally) they bail those companies out with your money. How dumb are we?
I would guess pretty close to lobotomized Hey look, Obot is in the word imagine that
Last edited by Swingblade; 05-24-2014 at 07:20 AM..
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Hey look, Obot is in the word imagine that
