Tag Archives: Insurance Companies

The Congressional Budget Office estimated that ACA will cost the government (that’s code for: “YOU”) $1.7 trillion over the next decade; that’s approximately $107 billion per year. Unfortunately, that doesn’t include the component of ACA that “reinsures” the insurance companies for their operating losses and considering that, to appease Mr. Obama, the companies will keep premiums as low as possible as it is quite easy to project the losses. Taking into account the various components, participation rates, premiums paid, claims-made factors and so on by 2015 the bailout would be no less than $152 billion on top of the already projected $107 billion and that doesn’t include the individual state run exchanges.  Read more...