Obamacare, a 100% Success for Insurers – IOTW Report

Obamacare, a 100% Success for Insurers

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.

 Insurer Rescue Obamacare

 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? 

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Why raise the reimbursement rate to 100% of the high risk claims?

 


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