Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

An Update on The Risk Corridor – Death Spiral Edition

Tuesday, November 29, 2016 8:26
% of readers think this story is Fact. Add your two cents.

(Before It's News)

I’ve written about Obamacare’s Risk Corridor provision many times. From the Rubio Amendment to Suing for the Slush Fund we have learned that not only was government funding this leg of the 3R’s likely illegal but it was also never going to be budget neutral. In fact we can conclude from the year-to-year view that the losses insurers are incurring through Obamacare marketplaces are on an expedited death spiral.

Recently (and quietly) released payment and charge amounts show just how far off of budget neutral this mess really is. More concerning, what every insurer thought was bad last year is even worse this year. And. It’s. Not. Even. Close.

B4INREMOTE-aHR0cHM6Ly8zLmJwLmJsb2dzcG90LmNvbS8tVnljcm04NVJ4TmMvV0QyVjZ4SFpJdUkvQUFBQUFBQUFBbTAvX1dvOHVPbzVhOW9Bc21rZGozZFJFYTc4VEJ4Z0ZzR0ZBQ0xjQi9zMzIwLzIwMTQlMkJ2cyUyQjIwMTUlMkJyaXNrJTJCY29ycmlkb3IlMkJsb3NzZXMuanBn

In two years this temporary program that was budget neutral (allegedly) has lost a total of $7,871,900,000. Payments due to insurers have more than doubled from 2014 to 2015 and revenues have been reduced by almost 75%. With numbers like this how much longer can insurers remain before they are put on life support?

Original content copyright © InsureBlog

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.