$8 Billion Surplus May Be Tough to Argue, Even for GOP hardliners
The Congressional Budget Office (CBO), projected an $8 billion surplus under the risk corridors program over the next ten years. These figures take into account the $500 million estimated loss, which resulted from changes to the Affordable Care Act that allowed Americans with canceled policies to be granted a hardship exemption to the individual mandate.
The CBO based their projections on Medicare Part D prescription drug program.
The fallout from last year’s government shutdown threatened to tie the Affordable Care Act’s risk corridors to a one-year increase of the debt ceiling. Congressional Republicans have been attacking the effort to soften financial risks of insurer’s selling plans in the first year of newly rolled out health marketplaces.