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The other three bids it received each called for greater levels of additional subsidy or a smaller amount of development, along with other risks, according to people briefed on the proposals.
WSJ: Plan Upends Willets Vision
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But as a matter of simple arithmetic, if the banks don't lose and Greece gains, there must be an additional subsidy in there somewhere from eurozone governments, either in the "high-quality assets" provided as a back up or, possibly, the promise of preferential treatment for these new bonds in the event of a default.
BBC: France's private support for Greece a matter of degree
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And with many plans raising premiums, as Prindiville says, an estimated 2.5 million people will have to switch plans in order to keep getting all of that additional government subsidy.
NPR: Seniors Urged to Research Their Drug-Plan Options