Obamacare ‘fix’ could add millions of dollars in government costs

“President Barack Obama’s proposal to allow people to keep canceled health plans for one year could end up costing the government millions of dollars. This is due to a provision of the Affordable Care Act called risk corridors that allows for insurers to share the cost of insuring more expensive customers.  There’s no good estimate yet as to how much the government’s share may be, but a rough calculation from the Kaiser Family Foundation said the difference could be tens of millions or even hundreds of millions of dollars.  Insurance companies structured their premiums based on a balanced mix of healthy customers and sicker customers. That balance could now be in question.”

http://www.cnn.com/2013/11/15/politics/obamacare-fix-costs/

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