November 19, 2013
Up Next: A Health Insurance Company Bailout?
Carol Platt Liebau
11/18/2013 8:10:00 PM - Carol Platt Liebau
No wonder we had to wait to pass it to find out what was in it; had everyone known what was in it, it never would have passed.
Here is the latest ugly surprise hidden in the massive ObamaCare legislation: Taxpayers could end up reimbursing up to 80% of health insurers' costs if those costs exceed insurer estimates:
Yep, you heard that right. If the insurance companies' costs are 3% higher than they had estimated (as a result of there being an older and/or sicker population than they expected in the ObamaCare pools), they can collect 50% of that money from the taxpayers. If their costs are 8% higher than previously estimated, they are reimbursed for a whopping 80%!
So even if Americans were able to get back the insurance they liked, they're still on the hook to pay the insurance companies when the companies' costs exceed their estimates.
That's ObamaCare -- gets you coming and going.
What a mess. Time to repeal and replace. http://townhall.com/tipsheet/carolplattliebau/2013/11/18/up-next-a-health-insurance-company-bailout-n1749064