Former Senator Ben Nelson (D-NE) reportedly received a “stern phone call” from the White House after he went on the air and warned Obama’s reported “fix” to Obamacare. Nelson said insurance companies risk insolvency thanks to the “fix.”
Under the rules of law of large numbers, which is what you get with actuarial science, the more people you have in the plan, generally the better the plan is. So excluding some people from the plan creates certain issues.
Also, the commissioners are focused on solvency. They want to make certain that this doesn’t the cost to the point that the insurers face and risk insolvency.
Advertisement - story continues below
The White House reportedly did not appreciate this warning and reportedly gave the former senator a call later in the day.