ThaMagnificent
Well-Known Member
LMAO!It was the law of the land. A contract between the government, health care providers and the people of the US. The GOP Kongress reniged on the part of the government to fund high risk pool of people who otherwise could not afford health care.
http://www.modernhealthcare.com/article/20161205/NEWS/161129937
The federal government owes insurers roughly $8.3 billion from the ACA's risk-corridor program to offset losses on the exchanges from 2014 and 2015. Insurers are owed more than $5.8 billion in net risk-corridor payments for 2015 alone, according to the latest CMS data.
The 2015 total comes on top of the $2.5 billion shortfall to cover insurers' 2014 losses. All told, the federal government is barely making a dent in the mounting requests for payments
So, insurers are passing the unpaid bill on to American taxpayers in the form of higher premiums. We can thank the GOP Kongress for the higher premiums. The high risk "corridor" is mainly disabled and sick people who are without work. They were covered in the ACA through government commitments to pay for their coverage. It was a contract with insurance providers that was not honored. A lawsuit is still working it's way through courts. The GOP Kongress has most certainly failed to live up to obligations.
It's subsidized in the first place! Great argument....