Government Asks SCOTUS to Deny Insurers Obamacare Payments

Oct. 22, 2019, 1:58 PM

An Obamacare provision designed to stabilize the health insurance market by subsidizing unprofitable health insurers doesn’t give them the right to demand $12 billion from the U.S., the government told the U.S. Supreme Court.

The United States Oct. 21 urged the high court to uphold a federal appeals court decision denying the insurers full repayment for losses they sustained while covering people considered to be uninsurable before the Affordable Care Act, in exchange for an alleged Congressional promise to help them out.

Congress made plain it intended Obamacare’s risk corridors provision to pay for itself, and the U.S. Health and...

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