Comment: We told you so. OCTS has repeatedly warned that the Most Honest Administration Ever was pressuring insurance companies to set premiums artificially low, offering teaser rates so that the public would not feel the actual cost of this ghastly Obamacare monster.
Were we right? Of course we were. Here it is straight from the horses,’ … um, ah … straight from the horses themselves:
“ The risk-stabilization programs “were incentive for us to keep our rates artificially low,” says Glenn Jennings, interim CEO of the Kentucky Health Cooperative and a former state insurance commissioner. “
Your Health Plan Will Now Self-Destruct
October 29, 2015 — 6:00 AM EDT
Bloomberg Businessweek
by John Tozzi