2014***ObamaCare***2014

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Originally posted by: DonDiego

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Originally posted by: hoops2
(Reuters) - Now that more than 2 million people have signed up for private insurance plans created by President Barack Obama's healthcare law, a crucial next check-up for the new marketplace will be to see how old customers are.

Early data from a handful of state exchanges shows the administration needs more young adults to sign up in the next three months to help offset costs from older enrollees and prevent insurers from raising their rates.

Critics of Obama's Affordable Care Act say the market won't attract enough young people to keep it financially viable, putting more pressure on government funds to compensate for any insurer losses.
Data from seven states and the District of Columbia, which are running their own marketplaces, show that of more than 200,000 enrollees, nearly 22 percent are 18 to 34 years old, according to a Reuters analysis.

The administration had hoped that over 38 percent, or 2.7 million, of all enrollees in 2014 would be 18 to 35 years old, based on a Congressional Budget Office estimate that 7 million people would sign up by the end of March

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Originally posted by: forkushV
Of course lately, when it really counts, neither one of you have been winning. But you'll always have your memories.

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Originally posted by: jatki99
And we all know whos picking up the tab if the numbers aren't met? The insurance co.s,right?J

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__Obamacare contains a “Reinsurance Program" that caps big claim costs for insurers (individual plans only). In 2014, 80% of individual costs between $45,000 and $250,000 are paid by the government [read: taxpayers]. So once claims exceed $45,000, the taxpayer graciously kicks in the costs.

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Originally posted by: DonDiego

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Originally posted by: jatki99
And we all know whos picking up the tab if the numbers aren't met? The insurance co.s,right?J

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DonDiego detects a hint of sarcasm in jatki99's response.

As it turns out well-founded sarcasm:

__Obamacare contains a “Reinsurance Program" that caps big claim costs for insurers (individual plans only). In 2014, 80% of individual costs between $45,000 and $250,000 are paid by the government [read: taxpayers]. So once claims exceed $45,000, the taxpayer graciously kicks in the costs.

__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.

__There's something called "Risk Adjustment Program" to require money transfers between insurers that pay out less to those companies that have paid out more, . . . or was it transferring funds between individual and group plans, . . . or something else, . . . DonDiego had enough trouble understanding the first two bailout provisions.

DonDiego is beginning to wish he were an insurance company, . . .now that the Government [read: taxpayers] absorb any significant risks.

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Originally posted by: DonDiego

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Originally posted by: jatki99
And we all know whos picking up the tab if the numbers aren't met? The insurance co.s,right?J

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DonDiego detects a hint of sarcasm in jatki99's response.

As it turns out well-founded sarcasm:

__Obamacare contains a “Reinsurance Program" that caps big claim costs for insurers (individual plans only). In 2014, 80% of individual costs between $45,000 and $250,000 are paid by the government [read: taxpayers]. So once claims exceed $45,000, the taxpayer graciously kicks in the costs.

__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.

__There's something called "Risk Adjustment Program" to require money transfers between insurers that pay out less to those companies that have paid out more, . . . or was it transferring funds between individual and group plans, . . . or something else, . . . DonDiego had enough trouble understanding the first two bailout provisions.

DonDiego is beginning to wish he were an insurance company, . . .now that the Government [read: taxpayers] absorb any significant risks.

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