“Federal Funds Earmarked To Offset Affordable Care Act Insurer Losses”, “Critics call Obama funding plan for health insurer losses a ‘bailout’
“The Obama administration has quietly adjusted key provisions of its signature healthcare law to potentially make billions of additional taxpayer dollars available to the insurance industry if companies providing coverage through the Affordable Care Act lose money. The move was buried in hundreds of pages of new regulations issued late last week. It comes as part of an intensive administration effort to hold down premium increases for next year, a top priority for the White House as the rates will be announced ahead of this fall’s congressional elections (Levey, 5/21).”
Los Angeles Times, Noam N. Levey, May 21, 2104
Politics should not be driving healthcare cost decisions, our political system is not capable of making the kinds of decisions required to accommodate the individual needs of our citizens.
This is disguised cost shifting.