A big Patient Protection and Affordable Care Act insurer support program may fall far short of its 2014 revenue target.
PPACA calls for the program, the PPACA reinsurance program, to collect $12 billion in issuer payments for 2014.
Officials at the Center for Consumer Information & Insurance Oversight say in a memo that the reinsurance program has received just $8.7 billion in payments, or 28 percent less than the amount set by the statute.
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
