(Bloomberg) -- There may be just $1 in the piggy bank to cover every $10 in claims at an Obamacare program designed to spread risk among insurers, Standard & Poor’s said.
The “risk corridor” program was designed to bolster plans that suffered losses on health-care insuranceexchanges, in part by taking funds from those that turned a profit. It was one of three risk-sharing initiatives that help companies adjust to the Affordable Care Act.
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