Tuesday, November 5, 2013

Armstrong & Getty with Craig Gottwals re: ObamaCare Risk Corridors and California's Cancellations

A visit with Jack and Joe regarding the risk corridors and transfer payments built into ObamaCare to ensure that taxpayers subsidize insurance company losses.  Think of it is finance sector bailout 2.0.  Additionally, California compelled insurers participating in the Exchange to cancel noncompliant individual policies. It was not a "choice" as federal officials maintained last week.