Friday, January 2, 2015

"No New Hope" For Risk Corridors

Actuaries at Milliman have published a new report on the consequences of the CROmnibus preventing health insurers from dipping into taxpayers’ funds to finance Obamacare’s risk corridors. The entire seven pages is well worth reading.

Although giving their report the title “No New Hope”, Milliman’s actuaries are not entirely pessimistic about insurers’ ability to get taxpayers’ funds out of the risk corridors. Indeed, they note that the CROmnibus comprises only one piece of an increasingly complicated legislative and regulatory trail.

At NCPA, we think that health insurers which continue to cling bitterly to Obamacare’s promise that taxpayers would bear their business risk are less likely to be prepared to adapt their business models to the health reform that replaces Obamacare shortly after a new President takes office.

Read the entire column at NCPA's Health Policy Blog.

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