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Risk Adjustment Mechanism
Feb 6, 2014 13:31:47   #
Constitutional libertarian Loc: St Croix National Scenic River Way
 
Well I knew that there had to be an insurance company bail out clause built into obamacare. It's called the Risk Adjustment Mechanism, and it holds the tax payer accountable for an unlimited amount of bailout money.

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Feb 6, 2014 14:58:47   #
Kevyn
 
Constitutional libertarian wrote:
Well I knew that there had to be an insurance company bail out clause built into obamacare. It's called the Risk Adjustment Mechanism, and it holds the tax payer accountable for an unlimited amount of bailout money.


This is the same language that is in the Medicare perscription drug law and it has netted taxpayers Billions in savings. the risk adjustment mechanism also sees that windfall will go to taxpayers not CEO's

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Feb 6, 2014 15:10:59   #
Winter Solstice Loc: Salt Lake City
 
Well you can be pretty sure that Obamacare and its Insurance bailout will Never save the tax payers Billions. Surely it will cost us many additional Billions. That is the number of dollars it will send to insurance companies who were forced to change their coverage to meet Obamacare mandates.
I don't have a single guess where all this money will come from. Oh, wait a minute, we will simply add to what our kids and their kids will have to pay as they try to recover from the massive increases in the National Debt. Man oh man, that sounds like a good plan to me. NOT.

Kevyn wrote:
This is the same language that is in the Medicare perscription drug law and it has netted taxpayers Billions in savings. the risk adjustment mechanism also sees that windfall will go to taxpayers not CEO's

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Feb 6, 2014 15:22:20   #
Constitutional libertarian Loc: St Croix National Scenic River Way
 
Kevyn wrote:
This is the same language that is in the Medicare perscription drug law and it has netted taxpayers Billions in savings. the risk adjustment mechanism also sees that windfall will go to taxpayers not CEO's


I don't believe it is the same thing Humana is already in line for a $450 million dollar bailout.

They are saying their losses are do to the change Obama made allowing people to keep their old policies if they liked them. They are less profitable for the insurance companies than had they been forced as the law intended to purchase the more expensive ones offered on the exchanges.

So they knew all along everyone knew all along that people were going to be forced to give up their policies, and that we were never going to save money.

So we get higher premiums in addition to more bailouts.

Can we pleeeEeease stop bailing out stupid !!!

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