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Then its nothing but the government taking insurers money. Collect it from them, take half a billion dollars for yourself, and give the remaining amount back. I think Uncle Sam got this laundering scheme from Bernie Madoff.
Not likely, just the opposite since reinsurance goes away in 2017.
In truth, this is one of the more stable elements to deal with, so carriers can account for it in setting 2017 rates. So this specific item should not keep any carrier in or out.
Thank-you for answering that question, ActuaryGuy. It will be interesting to see which carriers return for more guaranteed financial losses in 2017.
took Massachusetts 7-10 years to get everything figured out
The fun part is this didn't come just from insurers. The fee was assessed on all health policies, including even ASO employers. Those folks on self-funded plans that thought they were immune to ACA, not so much.
More accurately, it was a tax levied on all policyholders.
Policyholders ultimately paid the tax, health plan issuers were just a flow-through from policyholder to gov't. It was an additional cost tacked onto premium.
It was a fee.