Comment: more evidence that the already-higher rates offered on the Obamacare exchanges are still just “teaser” rates, with large hikes yet to come.
“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. This money is needed to offset losses that the insurer will take as a result of slower enrollment in its ObamaCare plans, and a skewed risk pool that weighs more heavily toward older and less healthy members than it originally budgeted.”
Comment: If ObamaCare’s so affordable, why does everyone need subsidies?
[...] “Humana said that it had enrolled 202,000 people on its exchange-based health plans as of January 31st, of which 82 percent were eligible for subsidies.” (emphasis added)
Obamacare ‘Bailout’ For One Insurer Will Cost Up To $450 Million In 2014
Forbes, Scott Gottlieb, M.D., 2/6/2014