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This doesn't sound hard to achieve in a bipartisan manner. Why didn't this get created with the Affordable Care Act? This also seems much more in line with trad
by fiter 7y ago
This doesn't sound hard to achieve in a bipartisan manner. Why didn't this get created with the Affordable Care Act? This also seems much more in line with traditional insurance (big, occasional claims) and would probably be easier to audit due to the lower volume of cases.
- js2 7y agoIt did, but it was temporary: > The goal of the ACA’s temporary reinsurance program was to stabilize individual market premiums during the early years of new market reforms (e.g. guaranteed issue). The temporary program is in place from 2014 through 2016. The program transfers funds to individual market insurance plans with higher-cost enrollees in order to reduce the incentive for insurers to charge higher premiums due to new market reforms that guarantee the availability of coverage regardless of health status. https://www.kff.org/health-reform/issue-brief/explaining-health-care-reform-risk-adjustment-reinsurance-and-risk-corridors/ https://www.kff.org/health-reform/issue-brief/explaining-hea...
- fencepost 7y agoI believe it also ended up tragically underfunded. I believe the co-op started in Illinois was still in a lawsuit over underpayments when it became insolvent and was shut down.