Tag Archives: reinsurance

Walls Closing In On Obamacare Lawlessness

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Congress and the courts are losing patience with the government's lawless implementation of Obamacare, which involves unlawful expenditures to subsidize insurance companies. [Credit:forbes.com]

Con­gress and the courts are los­ing patience with the gov­ern­men­t’s law­less imple­men­ta­tion of Oba­macare, which involves the diver­sion of bil­lions in tax­pay­er dol­lars from Trea­sury to insur­ers. [Credit:forbes.com]

The Oba­ma Admin­is­tra­tion is unlaw­ful­ly divert­ing bil­lions of dol­lars from tax­pay­ers to insur­ance com­pa­nies that sell Oba­macare policies.

That is the con­clu­sion reached in a legal opin­ion let­ter writ­ten to the Galen Insti­tute by for­mer Ambas­sador and White House Coun­sel Boy­den Gray. Read more on Forbes.com.

Will HHS Get Away With A $3.5 Billion Heist?

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CMS administrator Andy Slavitt has a $3.5 billion problem. Will Congress and presidential candidates talk about it? [Credit:nextgov]

CMS admin­is­tra­tor Andy Slavitt is plan­ning to short the U.S. Trea­sury $3.5 bil­lion. Will Con­gress and pres­i­den­tial can­di­dates talk about it? [Credit:nextgov]

The Depart­ment of Health and Human Ser­vices (HHS) announced Fri­day night that it was in the process of short­ing the U.S. Trea­sury $3.5 billion.

Well, they didn’t exact­ly announce it.  You had to read between the lines. Con­tin­ue read­ing →

Obamacare By The Numbers: Exchange Enrollment

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Some Obamacare supporters claim that 10 million uninsured Americans have so far gained coverage thanks to the new law. Are they right? (Credit: AP)

Some Oba­macare sup­port­ers claim that 10 mil­lion unin­sured Amer­i­cans have so far gained cov­er­age thanks to the new law. Are they right? (Cred­it: AP)

“Let’s look at the bot­tom line. The bot­tom line is this: 10 mil­lion Amer­i­cans have health insur­ance today who would not have had it with­out the Afford­able Care Act. Ten mil­lion.”  — Sen. Richard Durbin (D‑IL)

Oba­macare crit­ics have tak­en con­sid­er­able plea­sure in point­ing out the law’s short­com­ings — can­celed poli­cies, high­er pre­mi­ums and cost-shar­ing, nar­row net­works — the list goes on.

Now that the web­site’s worst prob­lems have been resolved and enroll­ment num­bers look more respectable, you can hard­ly blame the law’s embat­tled advo­cates for using favor­able num­bers a bit loose­ly. After all, if those who find fault with the law have some­times behaved irre­spon­si­bly, why should­n’t its defend­ers stretch the truth a bit? Con­tin­ue read­ing →

Obamacare’s Comfort Food For The Insurance Industry

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The President huddled with health insurance executives last month, part of a White House effort to assure them that the government has their back. (Credit: LA Times)

The Pres­i­dent hud­dled with health insur­ance exec­u­tives last month, part of a White House effort to assure them that the gov­ern­ment has their back. (Cred­it: LA Times)

The healthcare.gov web­site now works to the Admin­is­tra­tion’s sat­is­fac­tion.  While only 30 per­cent of users could enroll when the site first launched, it’s now up to 80 per­cent.

Frus­trat­ing one in five poten­tial cus­tomers, evi­dent­ly the gold stan­dard for the White House, is viewed less favor­ably by pri­vate insur­ers.  It’s among the rea­sons that the health care law is caus­ing such anx­i­ety in the C‑suites of insur­ance com­pa­nies that are hop­ing to prof­it by sell­ing poli­cies through the exchanges. Which is why White House meet­ings with insur­ance exec­u­tives are hap­pen­ing more fre­quent­ly than Cab­i­net meet­ings. Con­tin­ue read­ing →