
So-called “risk corridors” were included in the 2010 health law to compensate insurance companies for major coverage losses in the event that far more older and sick people signed up for health plans than younger, healthy people and drove up their costs after they had set the premiums. If actual claims exceed projections by more than 3 percent under Obamacare, the government will compensate the industry for those losses.
The new federal and state-run
insurance exchanges – plagued by hundreds of technical glitches and
other operational problems – have reported signing up just 106,185
people nationwide through Nov. 2, amid signs that relatively few young
adults are turning to the program for coverage.
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