Oh Joy! Obamacare to pay insurance companies through guessing

The latest from Reuters:

President Barack Obama’s administration has found a short-term fix to pay insurance companies for plans selected on HealthCare.gov, the not-yet-complete government website used to shop for insurance required under Obama’s healthcare program.

Over $600 million spent and the website is still not complete!

no

Reuters continues:

The Centers for Medicare and Medicaid Services (CMS) has not yet finished building the part of the website that would transfer billions of dollars in subsidies for plan premiums and cost-sharing payments to insurance companies.

Well, I’m sure this shall be resolved in a logical manner.

The administration is planning a “workaround” for payments, said Daniel Durham, vice president for policy and regulatory affairs at America’s Health Insurance Plans.

Health plans will estimate how much they are owed, and submit that estimate to the government. Once the system is built, the government and insurers can reconcile the payments made with the plan data to “true up” payments, he said.

facepalm

Oh man, I can’t take much more of this. Megyn Kelly announced this on her show last  night.

Do I really need to say anything?

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One Response to Oh Joy! Obamacare to pay insurance companies through guessing

  1. Pingback: Wall Street Journal: Climate Change Putsch | T.B Rickert's Call

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