No Lose Scenario For The Insurers

This is modern day organized crime similar to the move Raging Bull.  Watch the clip. I continue to be so bothered by how the insurers worked the ACA.  Remember, they are bringing in double digit profits every year by gouging the consumer. Their stock prices continue to go up. And yet they want more.  This article in the WSJ explains more:

Insurers have filed roughly two-dozen lawsuits claiming the federal government reneged on promises it made to pay them under the Affordable Care Act.

Most of the lawsuits come down to a simple argument: Insurers say they were promised funding by the Obama administration under the ACA, but Republicans opposed to the law blocked the payments. That money, they say, is still owed to them because they suffered financial losses.

The standoff focuses partly on a program known as “risk corridors” that sought to entice insurers into the ACA markets by helping cover their financial risk. The administration collected money from insurers and redistributed it, giving more to companies that fared poorly on the ACA marketplaces.

In other words, this was a no risk deal. Why was this done?  Who would allow this crap?

If you win, you win. If you lose, you still win.”

I thought this stuff was only in movies.

I was wrong.

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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] 

  3 comments for “No Lose Scenario For The Insurers

  1. Jeff McGraw
    March 19, 2018 at 10:58 am

    I’ve always referred to the ACA as the “Health Insurance Company Enrichment Act”

  2. Perry
    March 19, 2018 at 9:32 am

    The kind of writing you see in the referenced piece makes me sick. These people think Obamacare was put in place to save healthcare, when really all it’s done is cement long term income for insurance companies and hospitals, and squeeze physicians to death.

  3. RSW
    March 19, 2018 at 7:55 am

    And, with the enthusiastic blessing of our whored-out medical societies, they’re trying to get docs to assume all the downside risk.

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