Sen. Rubio recently testified before Issa’s Oversight Committee to highlight Section 1342 of Obamacare, which deals with risk corridors. According to Kaiser Health a risk corridor is

“part of this three-pronged approach to help insurers manage the financial risk of taking all comers, taking everyone who applies for insurance no matter what their health status, while at the same time keeping premiums affordable. The corridors allow insurance companies and the government to share higher than expected costs or profits. Actual claims are compared to the claims that insurers anticipated when they set up their premiums.”

Rubio states in his testimony that the problem with Obamacare’s risk corridors is they are “not a normal circumstance.” [Read more…]