Doug Badger

Could it be that the highly compensated insurance-company actuaries are lousy at math? For months, we’ve been reading stories about how big medical bills incurred by Obamacare enrollees are driving publicly traded insurance companies from the exchanges. Some affiliates of the venerable Blue Cross Blue Shield Association (BCBS), reeling from the costs of paying medical claims for a population … [Read more...] about Adjusting Obamacare ‘Reality’ – The administration cooks the numbers to hide the big medical claims of enrollees

Senior Obama administration officials took a series of decisions beginning in late 2013 that ranged from the reckless to the illegal in an effort to keep insurers participating in health insurance exchanges. A report issued last week jointly by the House Ways and Means and Energy and Commerce committees explores how the administration came to unlawfully funnel $7 billion in unappropriated money … [Read more...] about Panic prompted ObamaCare lawlessness

Insurers from Oregon to Pennsylvania, including a failed health-care co-operative and two long-established Blues plans have lost billions of dollars selling Obamacarepolicies. Now they are suing the federal government to recoup their losses. In a testament to industry desperation, insurers are asking federal judges to simply ignore a congressional ban on the payment of these corporate … [Read more...] about Suing Their Way Out of Obamacare Failure – The health-insurance industry is lawyering up

Here’s some bad news for the insurance industry: Unexpectedly generous corporate subsidies didn’t save companies selling Obamacare policies from bleeding red ink. The worse news: Those subsidies are set to expire in 2017, meaning that insurers will have to make ends meet without billions in handouts. Those are among the matters discussed in a study, published April 25 by the Mercatus Center, … [Read more...] about Obamacare’s Taxpayer-Subsidized Failure

Oregon’s health insurance co-operative is yet another Obamacare failure. It squandered taxpayer-backed handouts and loans, disappointed its customers and now has shuttered its operations. But with an audacity that would make even Donald Trump blush, Health Republic of Oregon wants more taxpayer money. Its executives are suing the federal government to demand more government handouts. The … [Read more...] about A $5 Billion Obamacare Windfall for Insurers?

Many insurance companies are losing money selling Obamacare policies. Unfortunately, the White House wants to make their losses your problem. In December, Congress refused an administration request to provide insurers with $2.5 billion in bailout money to help cover their 2014 losses. The Obama administration hasn't given up. It has declared that this $2.5 billion in corporate welfare and … [Read more...] about Taxpayers stuck with huge tab for big insurers’ Obamacare losses