Page 11 - Risk Corridor Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The administration said we'll write that into the deal. we'll figure out a way to pay you back to give you money for the taxpayer. >> you are he acceptingly correct. it's part of affordable care act, there was a temporary risk corridor program which basically said in the early part of the program, that's the reason for the term temporary. if your outlay for medical claims exceed your premiums the government could cover 70% of your loss. it's being emphasized immediately prior to the in elections. >> reporter: these companies are saying hello, we are going have to raise premiums. if we raise pr...

And again especially as we get closer to the november mid term election. doug luzader live for us in dc. that brings us to look who is talking. marco rubio talking about obamacare. the risk corridor program. they are providing coverage you the tax payer will be bailing out those companies. they are paying out billions of dollars of tax payer money. it is one more example of obamacare is bad for the country and bad for taxpayers. we shouldn't be having any sort of mechanism where companies guaranteed to fail are going to be failed out through tax payer dollars. that was already going to happe...

They found in medicare part "d" risk corridors saved money for taxpayers. on average, insurers paid more to the government than the other way around. personally i'm skeptical we can extend from that into obamacare. i don't know whether the risk corridor program will save money or lose money. that's the whole point. it exists because we don't know how much it's going to cost to write these insurance policies. >> it's unlike the farm bill which just got signed which got passed today in which there's crop insurance subsidies which guarantee a floor to the income but no ceiling. right? this actual...

Fix, here's what i want to do. you state commissioners carry it out and if you don't, it's on you. >> exactly. and that allows him to blame somebody else, blame the insurance commissioners and blame the insurance companies. there is one other thing about this that caught my eye. here is the three page letter that the cms, centers for medicare and medicaid services sent out today. on page three is a thinly described illegal bribe. it says though this transition policy was not anticipated by health insurers when setting rates, the risk corridor program should help unintended revenue. the risk co...