“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/
Related posts:
US sets up new military base in Syria, warns Assad not to attack it
Bitcoin fund raises $65 million after first two months, founder says
Spanish unemployment tops 25 percent
Beef, big bucks and buy-ups: are Chinese investors changing the face of Australia?
With military at ‘turning point,’ defense chief Leon Panetta avoids bold moves
Spain risks break-up as Mariano Rajoy stirs Catalan fury
W.H.O. lists bacon alongside cigarettes, asbestos as carcinogens
Snowden's Hasty Exit Started With Pizza Inside a Hong Kong Hideout
Mom jailed for allowing kids to play outside
U.S. swaps watchdog considering bitcoin regulation
U.S. denies missile test in the Mediterranean linked to Syria
Washington man arrested for online threat against Obama
Goodbye Switzerland, Hello Bitcoins
Bitcoin ATM to launch in Prague
Ecuador breaks US trade pact to thwart 'blackmail' over Snowden asylum