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Aetna and the Taxpayers: It's Complicated

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Published on May 30, 2014

Recently, the National Center's Justin Danhof attended the Aetna shareholder meeting, in order to ask CEO Mark Bertolini about risk corridor payments under Obamacare's provisions.

Summarized by Danhof, "Obamacare's risk corridor provisions require companies that make a profit on the exchanges to use some of those profits to help insurers who take a loss on the exchanges." Bailing out the health industry, just Obama bailed out the banks, would be disastrous to the US economy and further increase our country's ever-expanding debt.

Mr. Bertolini's answer had clearly been pre-written for him, and the first part of his answer may be hard to follow. But if you listen closely, this is what you can hear: "Reinsurance corridor provisions... are necessary to help prevent large spikes in premiums, which create large spikes in subsidies," which increase costs and the amount of taxpayer monies needed. He largely avoided the question and later made several statements in support of the risk corridor program.

This small excerpt from the Aetna shareholder meeting on 5/30/14, featuring the National Center's Justin Danhof, has been posted under fair use guidelines for the purpose of non-profit, educational public debate by the National Center for Public Policy Research, a 501(c)(3) educational foundation under the Internal Revenue Code. For more discussion of these issues, please visit:

http://www.nationalcenter.org
http://www.conservativeblog.org
https://www.facebook.com/NCPPR

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