{"id":21717,"date":"2014-01-27T19:51:17","date_gmt":"2014-01-28T00:51:17","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=21717"},"modified":"2014-01-27T19:51:17","modified_gmt":"2014-01-28T00:51:17","slug":"using-taxpayer-money-to-delay-insurance-increases-until-after-2015","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=21717","title":{"rendered":"Using Taxpayer Money To Delay Insurance Increases Until After 2015"},"content":{"rendered":"

The Daily Caller<\/a> posted a story today about the possibility of the Government having to bail out<\/a> insurance companies because of the lack of participation by young people<\/a> in ObamaCare<\/a>.<\/p>\n

The problem is that young people are not signing up for ObamaCare. The article reports:<\/p>\n

While there\u2019s still time for young adults to sign up, the Obama administration<\/a> has a lot of ground to cover in just two months. If not, a bailout via the \u201crisk corridor\u201d provision could offer a temporary fix.<\/strong><\/p>\n

\u201cIf [a bailout] does occur, it\u2019s certainly going to hold down the size of the premium increases next fall and the year after,\u201d Tanner told TheDCNF, \u201cbut the bailout only goes until about 2016 \u2014 so in 2015 we can begin to see significant increases\u201d in the amount Americans<\/a> pay for their health care costs on Obamacare exchanges.<\/strong><\/p>\n

The risk corridor program would partially reimburse insurers for losses only through 2016, allowing the underlying problem to come out in full force during the presidential election season.<\/strong><\/p>\n

The article states that the bailout\u2019s cost to taxpayers\u00a0could run<\/a> as high as $25 billion, but that would only delay the rise in premiums until the election campaign season. It will be interesting to see how the Obama Administration<\/a> handles this problem–the bailout will show the problem with ObamaCare regarding actuarial figures. Insurance companies<\/a> base their premium costs on actuarial tables<\/a> that calculate risk and allow the companies to make enough money to stay in business. If insurance companies do not make money, they do not stay in business. Subsidizing insurance companies for two years does not solve the actuarial problem–it simply delays it. The Republicans need to come up with a better way to help Americans get insurance–without a government takeover of the insurance industry.<\/p>\n

<\/div>\n
\"Enhanced<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Daily Caller posted a story today about the possibility of the Government having to bail out insurance companies because of the lack of participation by young people in ObamaCare. The problem is that young people are not signing up … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[7006,2257,660,7007,135,7,134,285],"class_list":["post-21717","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-25-billion","tag-bailout","tag-insurance","tag-life-table","tag-obama-administration","tag-obamacare","tag-patient-protection-and-affordable-care-act","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/21717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21717"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/21717\/revisions"}],"predecessor-version":[{"id":21718,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/21717\/revisions\/21718"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}