SIGN UP FOR THE BREITBART EMAIL NEWSLETTER

Obama to Charge Health Insurers in Exchanges Additional 3.5% of Premiums

Obama to Charge Health Insurers in Exchanges Additional 3.5% of Premiums

President Obama is all set to punish residents of states that don’t comply with his tyrannical Obamacare program, the Department of Health and Human Services proclaimed Friday. Under Obamacare, states are asked to set up insurance exchanges.

Those exchanges require participating insurers to meet certain qualifications and guidelines; in order for those exchanges to be loss-neutral, though, millions of citizens must enroll in the state health care exchanges. To make all of that work, the federal government foots a small percentage of the bill for a very short period of time – but within a few years, the states foot billions in additional spending, since they must expand their state Medicaid coverage.

States that choose not to participate will now be punished. The federal government will set up its own healthcare exchanges in the states, and insurance companies taking part will have to pay an additional 3.5% of their premiums to the feds. That price will be passed on to consumers, making coverage that much more expensive.

P.S. DO YOU WANT MORE ARTICLES
LIKE THIS ONE DELIVERED RIGHT TO YOUR INBOX?
SIGN UP FOR THE DAILY BREITBART NEWSLETTER.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.

SIGN UP FOR THE OFFICIAL
BREITBART EMAIL NEWSLETTER

GET TODAY'S TOP NEWS DELIVERED RIGHT TO YOUR INBOX

I don't want to get today's top news.

x