Wednesday, February 19, 2014

“Risk Corridors” being extended?

“Risk Corridors” being extended?  There's lots of chatter about this at the moment.  Extending the ObamaCare risk corridors is such a stupid idea, and will so obviously cost the taxpayers money, that we can pretty much assume That One's administration of bozos will do it.  Megan McArdle has the skinny, and she concludes (after stating the obvious: that extending the risk corridors would be illegal):
Of course, the administration has gotten creative before, so don’t count it out. But if it does extend the program, it is basically confessing two things: It thinks the law is whatever it says it is, and it never really cared how much the program cost.
Yup.

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