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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: tonto who wrote (164642)2/5/2014 8:13:29 AM
From: Kenneth E. Phillipps  Read Replies (2) of 224729
 
CBO Reports That Health Law Provision Called ‘Bailout’ By GOP Will Raise $8B

In its report, released Tuesday, CBO said that in a similar program set up as part of the Medicare prescription drug program, collections from insurers exceeded payments to health plans, yielding net collections that have averaged about $1 billion a year, or between 2 percent and 3 percent of total covered costs for drugs under Part D.

“That experience suggests that plans’ premium bids in the [Affordable Care Act’s] exchanges will probably exceed their costs by a few percent” despite technical issues in the rollout, CBO said.

capsules.kaiserhealthnews.org
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