ivwshane
Lifer
- May 15, 2000
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In a blow to the GOP, a federal judge orders the government to pay Molina Health $52 million in Obamacare funds.
http://www.latimes.com/business/hiltzik/la-fi-hiltzik-molina-52-million-20170807-story.html
This is due to the rider that the repubs put in 2014:
"Then Congressional Republicans threw a wrench into the system. In 2014, the GOP decided to attack the risk corridor program as a “bailout” of insurers, even though the exact same provision was part of the GOP’s 2003 Medicare Part D prescription drug benefit (and still is). The Republicans slipped a rider into the 2014 spending bill decreeing that risk corridor payments could be made only from risk-corridor collections, not the general treasury."
"The consequences of the GOP rider were dire. With payouts limited to collections, HHS was able to pay only 12.6% of all claims for 2014—$362 million of the $2.87 billion in claims, and nothing for 2015. Several small insurers, including co-ops that were expected to serve lower-income exchange customers, were effectively starved out of existence. That left roughly a million co-op members high and dry, while reduced competition in their regions drove up costs for many others. Republican critics of the ACA such as House Speaker Paul Ryan, R-Wis., touted their shutdowns as evidence of Obamacare’s failure, without making much of the fact that they were responsible for the wreckage."
Lol! Anyone want to take bets that searay will still keep his head firmly in the sand?