Papageorgio
The Ultimate Winner
They aren't. Again, you demonstrate a lack of understanding of how the risk pools were suppose to work. It is the insurance companies that support one another. The way it was supposed to work, is that anything over a 80% profit margin got donated to a risk pool. Then anyone who made less than that 80% profit margin would be paid out of the pool to equalize them. Furthermore, the measure was only supposed to be temporary, while the insurance companies worked out the actuarial risk assessments for the new dynamics, and worked out their premiums based on the new dynamics.Why should taxpayers bear the burden of an insurance company's shortfalls?
Then Rubio, knowing full well that this one feature of the ACA, more than any other, would lead to the success of the measure, of course decided that the best thing to do for Republicans was break it. So, he forced through an amendment that set hard limits on the risk corridor distributions, destroying the safety net that insurance companies were promised while learning to function in the new market. The result, not surprisingly, was pull-outs of insurance providers in higher risk markets.
And, what do ya know? Republicans now point to all of the pull outs of insurance companies, calling it a failing of the ACA, conveniently forgetting that it was Rubio's amendment that is causing the panicked pull outs.
Interesting opinion, I don't agree with it but it is your opinion and I respect it.