Is Obama bribing the health insurance companies?

rlm's cents · Nov 18, 2013

After his Obamacare apology tour press conference last Thursday, President Obama summoned 15 insurance company executives to the White House the next day hoping to persuade them to pick up the pieces of his tattered health care law that just a month ago he claimed was good insurance (it was just the website that was a problem, you see).
Meanwhile, the Department of Health and Human Services (HHS), which is the agency responsible for implementing both the website and Obamacare, released a letter to all 50 of the state insurance commissioners, who oversee insurance within their respective state, explaining in a little more detail (just over two pages) what the president really meant. (Washington, DC, had a commissioner, but he was fired within 24 hours of criticizing the president’s proposal.)
When Health Insurance Sticker Shock Meets The 'Death Spiral' Merrill Matthews Contributor
Obama to Nation: If You Like Your Plan, You Can Keep Your Plan (At Least Until The Next Election) Avik Roy Contributor
The most interesting part of the letter is the last paragraph, which essentially says, “Stick with us here and we’ll be funneling you the big bucks.”
“Though this transitional policy was not anticipated by health insurance issuers when setting rates for 2014, the risk corridor program should help ameliorate unanticipated changes in premium revenue. We intend to explore ways to modify the risk corridor program final rules to provide additional assistance,” HHS wrote.
Click to expand...

http://www.forbes.com/sites/merrill...rance-company-support-and-obama-will-need-it/

yakpoo · Nov 18, 2013

The DC Insurance Commissioner was canned for criticizing Obamacare fix...

http://politicalticker.blogs.cnn.co...issioner-out-after-criticizing-obamacare-fix/

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