At least one of the Obamacare health insurance carriers is mad as hell and not going to take it any more.
Highmark is suing the government demanding payment of almost $223 million, the full amount to which the health insurer says it is legally entitled for 2014 under an Obamacare program designed to limit the business risk of selling plans. - CNBCHighmark, like all the other rubes that bought into the administrations lies about Obamacare, is owed bribe money.
Money that was promised in order to mitigate their anticipated losses from Obamacare.
Money that, like all the other Obamacare lies, never played out as promised.
Highmark's suit, filed in the U.S. Court of Federal Claims in Washington, effectively rejects the government's position, announced last year, that it would pay Obamacare insurers only 12.6 percent of what they were claiming under the health-care law's "risk-corridor" program
Because of that policy, all eligible Obamacare insurers are being paid just $362 million out of the $2.87 billion they had claimed for 2014. Highmark itself has gotten about $27 million.
That's a lot of money.
This, on a much grander scale, is comparable to the lie that consumer premiums would be reduced by $2500 per year.
Just another lie.
And we are all mad as hell.