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Well of course. That's why so many Insurance companies are keeping silent about the EPIC FAIL of Obamacare. They've sunk vast sums of money into their Obamacare implementations...and their only hope to recover the money is a bail out.
Which of course makes Obama's promise that Obamacare won't "cost a dime" another Big Fat Lie.
....
The administration is planning a "workaround" for payments, said Daniel Durham, vice president for policy and regulatory affairs at America's Health Insurance Plans.
Health plans will estimate how much they are owed, and submit that estimate to the government. Once the system is built, the government and insurers can reconcile the payments made with the plan data to "true up" payments, he said.
"The intent is to make sure plans get paid on time, which is a good thing," Durham told Reuters.
The fix puts an additional "burden" on insurance companies, already taxed by having to double-check faulty enrollment data from the HealthCare.gov system.
Now, companies need to quickly put together financial management systems to make the payment estimates, so they can be paid beginning in January, he said.
"They have to recognize that plans are already quite stressed and introducing this at the last minute just adds substantial burden for plans to deal with," Durham said.
Paying insurers on time and accurately is critical for the long-term competitiveness of Obamacare marketplaces, said Kevin Lucia, senior research fellow at Georgetown University's Health Policy Institute.
"I'm pretty deeply concerned about this," Lucia said at a forum organized by the university and law firm Arent Fox.
Some large insurance carriers could "cushion" delayed payments for a short period of time, said Lucia, a former CMS official. But that's not the case for a group of co-ops and smaller insurance providers.
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IRS Has No Strategy for Fraudulent Obamacare Tax Credits
The Internal Revenue Service (IRS) has no system in place to prevent fraud when individuals apply for tax credits under Obamacare, according to the Treasury Inspector General for Tax Administration (TIGTA).
The IG said in an audit released Tuesday that the IRS has no plan to manage, monitor, or mitigate fraud risk when processing premium tax credits
Administration Finalizes Obamacare Tax Over Holiday Weekend
Health Insurance Tax to Raise Premiums by 3%, Cost $60 Billion Over Next 5 Years
The Obama administration quietly finalized the Health Insurance Tax (HIT) over the Thanksgiving holiday weekend, a provision in Obamacare that will cost nearly $60 billion over the next five years and raise health care premiums by 3 percent.
Don't worry about it. Pelosi designed this bill to fail.
I concur. and mainly wanted to make sure this argument is seen at least twice.sure, the young can afford it. they only have student loans and limited job prospects to face. put the burden on them.
ObamaCare Raises Health Insurance Premiums, Especially For The Young - Forbes
tk posted this in another thread:
presentation of findings from national research conducted among business decision-makers | u.s. Chamber of commerce
(september-october 2013)
Some argument, eh? They also seem to think that obama never said that there would be a savings of "$2,500 per year, per family". Are they playing the "you didn't hear that" game? By jov, they are!I have earlier demonstrated that the most absurd version of this Obama promise$2500 in annual premium savings before the end of his first termmissed by a mile.[1] Average premiums for family coverage have increased $2,976 by the end of his first term. Thus, we can accurately say that both in direction and magnitude reality turned out to be worse than the opposite of what the president pledged 5 years ago.
But Prof. Cutler is not trying to defend this ludicrous promise. Instead, he is arguing in favor of a much more modest claimthat Obamacare would reduce total health spending per family by as much as $2,500 below trend.[2] And his analysis sounds pretty convincing until you learn what he hasnt told you. The very same official forecast that he cites showed that had ACA not been enacted, health spending in 2016 would be $80 billion lower than is now expected under Obamacare (compare Table 2 with Table 2a). Either the Medicare actuaries are correct (Obamacare will increase spending by $80 billion in 2016 relative to what would have happened without the law) or David Cutler is right that thanks to Obamacare, medical spending in 2016 is $2,500 per family of 4 lower than it would be otherwise. Both cannot be right. My bet is on the Medicare actuaries.
