Another Government Tentacle Grabbing Private Insurance Companies
November 27, 2013 by sasoc
How did I miss this one?
(Reuters) – The U.S. government has issued a proposal that would likely increase risk payments in 2014 to health insurers offering plans on the Obamacare exchanges after the companies complained a recent policy change allowing people to keep their insurance policies had changed the financial equation.
The rule, published on Monday in the Federal Register, lowered the threshold at which risk payments kick in for the sickest health plan members. The government proposed paying insurers 80 percent of claims greater than $45,000 in 2014. Previously the lower limit was $60,000.
And so the icy grip of Obama’s Socialism seems to extend ever farther than previously known.
I am not seeing enough talk about repeal, and this needs to be corrected.
There is such a thing as a bad law being too cumbersome to undo, and we cannot let this happen.