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Sun Jul 30, 2017, 02:09 AM

How 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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Reply How to summarize ACA exchange failures re: Little Marco's 2014 poison pill risk corridor amendment (Original post)
better Jul 2017 OP
Mr.Bill Jul 2017 #1
Granny M Jul 2017 #2
Gabi Hayes Jul 2017 #3

Response to better (Original post)

Sun Jul 30, 2017, 02:52 AM

1. The only mystery is

why isn't every Democrat in Congress screaming this every time there is a camera pointed at them?

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Response to Mr.Bill (Reply #1)

Sun Jul 30, 2017, 03:09 AM

2. That would be refreshing. NT

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Response to Granny M (Reply #2)

Sun Jul 30, 2017, 03:31 AM

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 Obama’s 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. Rubio’s 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. Rubio’s 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 law’s 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

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