Quote
Originally posted by: DonDiego
...Obamacare also contains a “Risk Corridor Program" that limits overall losses for insurers. Each year the insurer estimates his expected costs. If the actual costs exceed the estimates the Government [read: taxpayers] make up the difference. For costs 3%-to-8% above the estimate, the Government [read: taxpayers] pays 50% of the excess; for costs 8%-or-more above the estimate, the Government [read: taxpayers] pay 80% of the excess...
Originally posted by: DonDiego
...Obamacare also contains a “Risk Corridor Program" that limits overall losses for insurers. Each year the insurer estimates his expected costs. If the actual costs exceed the estimates the Government [read: taxpayers] make up the difference. For costs 3%-to-8% above the estimate, the Government [read: taxpayers] pays 50% of the excess; for costs 8%-or-more above the estimate, the Government [read: taxpayers] pay 80% of the excess...
88% of congressional Republicans had no problem with "risk corridors" in 2006.
