One Insurer’s Bailout
Humana may need $450 million.
Remember that ObamaCare insurance bailout? Well, the first stats are in for one insurer and it’s not pretty. The American Enterprise Institute’s Scott Gottlieb writes, “Humana announced that it expects to tap the three risk adjustment mechanisms in ObamaCare for between $250 and $450 million in 2014. This amounts to about 25 percent of the insurer’s expected exchange revenue.” That’s also just one insurer! More will undoubtedly follow. Not only that, but Humana enrolled 202,000 people via the ObamaCare exchanges as of Jan. 31, and some 82% of them were eligible for subsidies. The price of Hope ‘n’ Change™ just keeps going up.
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