Federal health officials dropped regulations late Friday outlining how they plan to help insurance companies stuck with unanticipated costs due to ObamaCare’s botched rollout.
In a 279-page document, the Department of Health and Human Services (HHS) detailed adjustments to the healthcare law’s “risk corridors” program, a means for shifting money from insurers who fare better under the new system to those who fare worse.
Risk corridors have been decried by conservatives as a bailout that could leave taxpayers on the hook for billions of dollars. The administration said Friday that it will implement the program in a budget-neutral way.
Under the proposed rules, the administration would tweak the formula that determines how much money insurers pay and receive through the risk corridors.
“From each according to his ability, to each according to his needs.” What did you expect from Obama?