Insurers Take $12 Billion Obamacare Case to Supreme Court

Dec. 9, 2019, 11:56 AM

Over two dozen insurers that lost money covering people considered to be uninsurable before the Affordable Care Act will try to convince the U.S. Supreme Court Tuesday that the government owes them over $12 billion. The HHS oversaw a “risk corridor” program from 2014 to 2016 through which it took payments from profitable insurers and redistributed them to companies that assumed greater risk by selling plans to sicker, previously uninsured people. The HHS stopped making the payments when Republicans in Congress declined to fund the program.

Federal I-O-U? The case poses “big picture” questions on whether Congress indirectly repealed a ...

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