... [the Affordable Care Act's risk-corridor program]. But there was a bit of a contract going into this that there would be certain protections...and plans would price as best they could knowing that there was no actuarial precedent for this. [The news that CMS could pay carriers 12 cents for every dollar they requested for the first year of the risk corridor program] felt a little bit like Lucy moving the football at the last second."
— David Smith, a partner at the consulting firm Leavitt Partners LLC, told AIS's Inside Health Insurance Exchanges.
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