Insurers Always Get Paid

Here is some more proof that the insurance companies were in cahoots with the Obama administration:

In a ruling that could end up affecting many Obamacare insurers — and billions of dollars — a judge Thursday ordered the federal government to pay Oregon-based Moda Health more than $200 million that the insurer says it was shortchanged.

The ruling found that the government could not fail to honor a promise that entailed making payments amounting to $214 million to Moda Health under Obamacare’s so-called risk corridor program.

That program, which is designed to offset losses from selling Obamacare plans, was created to help lure insurers into the Obamacare marketplaces.

What does this mean?  Well, for one, the insurance companies were in a win-win situation.  In order to “get them on board”, President Obama had to promise them the world and now they will receive it. The sleaziest and most greedy companies in the world were handed the keys to the kingdom.  Yes, I know, they were pricks even before Obamacare and gouged the hell of us but that just proves my point even more.  Why give them more?

So, there is now supposedly $8 billion in losses out there.  It is called a risk corridor.  Guess who will be paying that?  You and your taxes.

I wish someone gave me a risk corridor.

Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected]