Runnin' on empty

As we've long noted (here, for instance) the ObamaTax 'risk corridor' (essentially a slush fund to cover excess claims) was always unsustainable. But hope springs eternal (at least in DC).

Until, of course, Mrs Thatcher's observation kicks in.

And that time is fast approaching:

"PPACA risk program may pay just 13% of 2014 claims ... insurer risk-management program may pay eligible insurers less than $362 million of the $2.9 billion in cash they were hoping to collect."

One can't help but to observe, though, that when one lies down with dogs... (looking at you, AHIP).

Sucks to be them.