There is a provision in Obamacare, “Transitional Reinsurance Program,” that collects a tax (a “reinsurance fund” fee) from everyone who purchased health insurance last year, then it’s suppose to reimburse insurers for 80% of the cost of the largest claims.
Only they collected more in fees than was needed to pay off the 80% obligation to insurers.
What does the government do with all that extra money?
Why raise the reimbursement rate to 100% of the high risk claims?
I guess I’m lucky I can pay my own way.