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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow to summarize ACA exchange failures re: Little Marco's 2014 poison pill risk corridor amendment
The exchanges are not crumbling because the ACA is fundamentally flawed.
They are crumbling because they were sabotaged by fundamentalists.
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How to summarize ACA exchange failures re: Little Marco's 2014 poison pill risk corridor amendment (Original Post)
better
Jul 2017
OP
Mr.Bill
(24,103 posts)1. The only mystery is
why isn't every Democrat in Congress screaming this every time there is a camera pointed at them?
Granny M
(1,395 posts)2. That would be refreshing. NT
Gabi Hayes
(28,795 posts)3. I've made this point several times here and
on some radio callins
Most people don't even know what they are, and the dramatic effect that amendment had on the pools
https://www.google.com/amp/s/mobile.nytimes.com/2015/12/10/us/politics/marco-rubio-obamacare-affordable-care-act.amp.html
WASHINGTON A little-noticed health care provision slipped into a giant spending law last year has tangled up the Obama administration, sent tremors through health insurance markets and rattled confidence in the durability of President Obamas signature health law.
The attack stems from two years of effort by Senator Marco Rubio and others in Congress to undermine a key financing mechanism in the law. So for all the Republican talk about dismantling the Affordable Care Act, one Republican presidential hopeful has actually done something toward achieving that goal.
Mr. Rubios efforts against the so-called risk corridor provision of the health law have hardly risen to the forefront of the race for the Republican presidential nomination, but his plan limiting how much the government can spend to protect insurance companies against financial losses has shown the effectiveness of quiet legislative sabotage.
The risk corridors were intended to help some insurance companies if they ended up with too many new sick people on their rolls and too little cash from premiums to cover their medical bills in the first three years under the health law. But because of Mr. Rubios efforts, the administration says it will pay only 13 percent of what insurance companies were expecting to receive this year. The payments were supposed to help insurers cope with the risks they assumed when they decided to participate in the laws new insurance marketplaces.
The attack stems from two years of effort by Senator Marco Rubio and others in Congress to undermine a key financing mechanism in the law. So for all the Republican talk about dismantling the Affordable Care Act, one Republican presidential hopeful has actually done something toward achieving that goal.
Mr. Rubios efforts against the so-called risk corridor provision of the health law have hardly risen to the forefront of the race for the Republican presidential nomination, but his plan limiting how much the government can spend to protect insurance companies against financial losses has shown the effectiveness of quiet legislative sabotage.
The risk corridors were intended to help some insurance companies if they ended up with too many new sick people on their rolls and too little cash from premiums to cover their medical bills in the first three years under the health law. But because of Mr. Rubios efforts, the administration says it will pay only 13 percent of what insurance companies were expecting to receive this year. The payments were supposed to help insurers cope with the risks they assumed when they decided to participate in the laws new insurance marketplaces.
The RCs were the bait guaranteeing the flow of huge profits to these parasites, assuring participation in a seemingly risky
underwriting situation
When they were disappeared, that took away the lure of guaranteed high profit, emptying the risk pools