Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘state insurance exchange’

… Nicely Done , Marco Rubio !! [#ObamaCrapCare][#risk corridors][#death spiral]…

Posted by paulfromwloh on Friday,January 1st,2016

.. you really have to admit , Sen. Rubio really did his homework on this ..

.. he slipped in this provision into the federal budget [yes , two years ago] that makes any spending by the Feds on the so – called risk corridors ” budget – neutral . I am really surprised that the ObamaCraps let this thing get thru in the first place . Amazed would be a better guess . Another would be the height of arrogance and narcissism , that would make them overlook this …

.. huh ?!?! ..

.. in plain English , the ” risk corridors ” are designed to protect the insurance companies [and the co – ops] from the fallout from excessive #s of claims during the early years of OCC . Making this budget – neutral means that the Obamacraps cannot do a backdoor bailout of the companies , using federal funds ..

.. [h/t — HotAir.com]..
.. [link] to the blog post …

.. so , what has been the fallout from this ?? ..

.. many of the health insurance co – ops have collapsed . Most of the others are on the brink of collapse . Also , insurance companies [large and small] are beginning to pull out of the state OCC cooperatives . This is really putting the states [and their creations] in a financial bind . Also , it could and will get much worse ..

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… the Wave may be Starting [#insurance rates]…

Posted by paulfromwloh on Friday,August 1st,2014

.. nice going , ObamaCrapCare …

.. and , amazingly , this is New York .

.. Guess what might be happening elsewhere …

.. [h/t — TruthRevolt]..
.. [link] to the blog news …

.. the dumb bells do not understand market economics . No matter how much they try to rig the market , the law of unintended consequences is coming back to give them a swift kick in the rear end …

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