Tag Archives: bailout

Massive Obamacare Bailouts! (CoveredCA)

Posted on July 9, 2015 by OCTS4

Comment: A $1.172 billion bailout for 1.365 million enrollees amounts to $859 per insured person on California’s exchange! CoveredCA policy premiums then are lies, at least $859 too low; understate the actual cost; and means that CoveredCA’s already-high average premium … Continue reading →

Posted in Designed to Fail, Government Takeover, Growing Dependency, Perversities | Tagged , , , , , , | Comments Off

Risk Corridors of Failure

Posted on May 13, 2015 by OCTS4

Comment: Darn those Grubers are smart, aren’t they?   After telling insurance comrades “I’ll gladly pay you Tuesday for a subsidized socialized medicine hamburger today,” suddenly it’s almost Tuesday.  (Pro-tip: did you notice this news came out on a Tuesday?) “An … Continue reading →

Posted in Designed to Fail, Perversities | Tagged , , | Comments Off

Shocked by Obamacare Rate Hikes? These Are (Still) Just the Teaser Rates

Posted on February 8, 2014 by OCTS4

Comment: Wellpoint’s filing suggests it expects to lose 13% (and receive an offsetting 10.8% tax-payer bailout) on its Obamacare exchange policies (rough figures).  This implies Wellpoint would have to hike rates an additional 16% to achieve a 3% profit on … Continue reading →

Posted in Designed to Fail, Government Takeover | Tagged , , , , , | Comments Off