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Risk corridor funding divides GOP, carriers

The GOP is pushing legislation that would limit the amount the government can funnel into the risk corridor budget.

By Dan Cook | Updated on December 11, 2014
(AP Photo/J. Scott Applewhite, File)

The shots Congressional Republicans are taking at the Patient Protection and Affordable Care Act are starting to hit an unintended target—carriers.

The latest rift between the GOP and industry executives tore open over the party’s attack on subsidies to some carriers doing business on the public exchanges. The federal subsidies, known as risk corridors, are designed to offset the risk of participation in the largely unknown public exchange marketplace. While some insurers have profited nicely from exchange business, others haven’t done as well as they’d hoped. These companies are in line for the subsidies.

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Dan Cook

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.

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