Weighs in on Obamacare

To the editor:

We now hear that insurance companies will be reimbursed for “unexpected costs” incurred in their administration of Obamacare. How convenient. Insurance companies in the exchanges providing coverage under Obamacare can underestimate the premiums needed to pay for the various plans under Obamacare and then can later, because they have incurred losses, I mean “unexpected costs,” be bailed out by the federal government. Just how many billions do you suppose that will cost you and me as taxpayers. And how convenient for Obama. He can argue that people are able to obtain Obamacare at lower premiums when in fact it may be due to the underestimating of those same premiums by the insurers knowing they will be bailed out.

The Obama administration projected that upwards of 7 million are expected to sign up for Obamacare by the March 31 deadline. How many of those may be those who lost coverage because their plan did not comply with Obamacare and not necessarily those that never had coverage? Back in December 2009 when Obamacare was passed it was said that some 40 million without coverage would finally be covered. Where are those 40 million and why aren’t they enrolling if Obamacare is so great?

Chuck Peterson

Fort Dodge