Federal judge rules AETNA lied about decision to pull Obamacare

http://ktla.com/2017/01/24/federal-judge-aetna-lied-about-decision-to-pull-out-of-obamacare/

No surprise here, all these companies lie and try to blame legislation on any of their faults, or if it might make dent in their giant profits, because all they care about is squeezing the most amount of money out of their sick and dying customers. The right will ignore this, because it doesn't fit their lies they believe in. They love their lies

 

If everything was so wonderful on the Health Insurance front, why was Obama trying to use tax money to bail out these greedy insurance companies?


The state of the ACA's risk corridors
By Shelby Livingston | December 5, 2016
The Obama administration is now on the hook for more than $8 billion in payments to cover insurer losses on the health insurance exchanges, but industry experts are growing doubtful the full tab will ever be paid.

At the same time, while Republican lawmakers are committed to sewing up the federal wallet to keep the current administration from paying insurers what they call a “bailout,” they don't want to see the insurance markets collapse under their watch. Any replacement plan for the Affordable Care Act—which President-elect Donald Trump and Republicans in Congress have vowed to repeal and replace—would require private insurers to jump on board. And alienating them by refusing to pay promised funds would be bad for business, experts say.

The federal government owes insurers roughly $8.3 billion from the ACA's risk-corridor program to offset losses on the exchanges from 2014 and 2015. Insurers are owed more than $5.8 billion in net risk-corridor payments for 2015 alone, according to the latest CMS data.

The 2015 total comes on top of the $2.5 billion shortfall to cover insurers' 2014 losses. All told, the federal government is barely making a dent in the mounting requests for payments, largely because Congress required the program to be budget-neutral.
http://www.modernhealthcare.com/article/20161205/NEWS/161129937


GOP lawmakers move to bar Obama administration from settling risk-corridor lawsuits
By Shelby Livingston | November 18, 2016
A group of Republican senators introduced a bill Friday to bar the government from paying any award or settlement to the growing number of health insurers suing for funds owed to them under one of the Affordable Care Act's risk programs.

The bill, titled the “HHS Slush Fund Elimination Act,” would prohibit the administration from using any federal funds to pay insurers who are suing to collect promised payments under the controversial ACA risk-corridor program, which was meant to protect insurers from extreme losses during the early years of the public health insurance exchanges.
http://www.modernhealthcare.com/article/20161118/NEWS/161119894

This is what happens when the government sticks its nose where it doesn't belong. Why would a company make good decisions if the Democrats are right there bailing them out with money they ripped off from Americans as part of the tax penalty that Obama swore wasn't a tax penalty?