By Bruce, Japsen, Forbes
The Obama administration is encouraging states to come up with their own reinsurance plans to help health plans blunt the cost of the nation’s sickest patients who’ve purchased private individual coverage under the Affordable Care Act.
Insurers including Aetna, Anthem, Humana and UnitedHealth Group have lost hundreds of millions of dollars thanks in part to an extraordinary number of sick patients with greater needs than they anticipated. Some of these patients can cost $1 to $2 million or more per year in claims.
Commentary by: Lynn Cheramie, Founder, Freedom Fighters of America
Another bill that will be paid by hardworking Americans! Obama knew this would be the outcome of Obamacare and he reveled in the pain it would cause. Obama is our Terrorist in Chief. If you think anything else you're a #ffoadumbassclub member!
Obamacare was never going to pay for itself. We were never going to get to keep our Doctor's. We were never going to reduce our premium costs by an average of $2,500.00 per family and it will never cover more new enrollee's than lost insurance because of it! Deductibles so high that people can't even afford to use it and now asking the States to pick up the tab!
Obama is the most criticized President in History because he deserves it! He also deserves to be in jail for treason.