Rubio's Provision To Kill Obamacare Risk Corridors

[Matty]

http://www.foxnews.com/politics/2015/12/10/rubios-provision-to-kill-obamacare-risk-corridors-stirs-debate.html?intcmp=hpbt2


Stirs controversy.



The Affordable Care Act promised participating insurance companies and cooperatives payments in the first three years if they lost too much money. Thanks to a provision successfully pushed last year by Senator Marco Rubio, insurers are only getting about 13 cents for every dollar they say they are owed.
“Insurance companies are willing to be a part of the exchanges, only if the federal government promised them that when they lost money they would get bailed out; bailed out with taxpayer money,” said Rubio, in an interview with Fox News. “We've taken that away. We should not be bailing out private insurance companies who hire great lobbyists.”

[Matty]

Now why did the democrats foresee that insurance companies would lose money?

[Peter1469]

Now why did the democrats foresee that insurance companies would lose money?

It fits with their ideology. Also, some may want Obamacare to fail with the hopes that single payer will replace it.

[Matty]

It fits with their ideology. Also, some may want Obamacare to fail with the hopes that single payer will replace it.

ObamaCare includes risk corridors. They require some profitable insurance companies to pay into a pool to subsidize those with deep losses. If the amount insurers need surpasses the total that profitable companies have paid in, the federal government makes up the difference. This year, that amount is about $2.5 billion.


2.5 billion. How many years have we been doing this?

[Matty]

So if the government is in 2.5 billion this year how much does the rest cost?

[midcan5]

Rubio is a heartless bas-tard who sucks on the teat of government and has done nothing positive or substantive for America. It always strikes me as curious that the people who do nothing except complain, get paid by the very organization they criticize daily. Rubio among many others in the senate are sponges. Hopefully the moocher will lose this recent attempt to f_k other Americans.

http://www.healthcaredive.com/news/rubio-pushing-legislation-to-further-restrict-risk-corridors/410595/


http://thehill.com/policy/healthcare/261244-rubio-budget-win-is-dealing-heavy-blow-to-obamacare


http://dailysignal.com/2015/03/24/marco-rubio-marks-fifth-anniversary-of-obamacare-by-rolling-out-alternative-plan/

"Though a staunch Obamacare critic, U.S. Sen. Marco Rubio has enrolled his family in one of its health plans and will accept a $10,000 federal subsidy that some fellow Republicans rejected as a “special deal.”"

http://www.miamiherald.com/news/politics-government/article1958567.html

[Peter1469]

Notice: midcan5 has been TBed at the request of the member who started the thread in tPF Discussion forum.