Humana to Get $450 Million ObamaCare Bailout

As expected, taxpayers will be giving health insurance companies a taxpayer funded bailout resulting from their participation in ObamaCare.

Writing in Forbes, Scott Gottlieb reveals that Humana – a large health insurance company – will be getting up to $450 million from the bailout provisions in ObamaCare.

Now we have some hard numbers. Humana announced that it expects to tap the three risk adjustment mechanisms in ObamaCare for between $250 and $450 million in 2014. This amounts to about 25 percent of the insurer’s expected exchange revenue. This money is needed to offset losses that the insurer will take as a result of slower enrollment in its ObamaCare plans, and a skewed risk pool that weighs more heavily toward older and less healthy members than it originally budgeted.

Bailing out private companies with taxpayer money is outrageous especially with our soaring national debt.

Trending: Senator Sanders Backs Voting Rights in Prison Including Boston Marathon Bomber

Stopping the ObamaCare bailouts is a key program at FreedomWorks where we are mounting an effort to encourage Aetna not to accept taxpayer money.

 

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please hover over that comment, click the ∨ icon, and mark it as spam. Thank you for partnering with us to maintain fruitful conversation.