BUT WAIT. THERE’S MORE: Byron York: Insurance company bailouts ‘absolutely will happen’ under Obamacare.
COLBY: What do you think about these bailouts of insurance companies, as well? Could that happen?
YORK: It absolutely will happen –
COLBY: Will happen?!
YORK: As a matter of fact, it’s written into the law. There’s something called “risk corridors,” which basically ensure that if an insurance company ends up paying a lot more in benefits than it takes in in premiums, then the federal government will bail it out — it will make it good. And it looks like we are entering a situation — certainly in the first month of January — where the insurance companies will be in that situation. And they’re not going to take the losses. It will be the taxpayer who makes up for those losses.