Modern Healthcare July 24, 2020
Shelby Livingston

The U.S. Court of Federal Claims has issued judgments of $3.7 billion for health insurers involved in two class actions over the federal government’s failure to pay funds owed under a now-expired Affordable Care Act program.

The judgments issued late Thursday come after the U.S. Supreme Court ruled in April that insurers were owed more than $12 billion in ACA risk-corridor payments. After that ruling, the lower courts worked on resolving the dozens of pending lawsuits, including the two class actions.

Now, more than four years since the first risk-corridor lawsuits were filed, lower court judgments and agreements between the insurers and the U.S. Department of Justice have accounted for $9.6 billion of the $12.2 billion in unpaid risk-corridor funds,...

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

Continue Reading

 
Topics: ACA (Affordable Care Act), Govt Agencies, HHS, Insurance, Patient / Consumer, Payer, Provider, Public Exchange
Related Articles:
Payer executives expect limited change in ACA subsidies
Commercial, individual markets growing increasingly concentrated: 7 numbers to know
GAO finds private insurance market became increasingly concentrated last decade
Section 1557 Rule Mandates Identification And Mitigation Of Discriminatory Clinical Algorithms
Employer Plans Beware: Alternative Funding Programs May Be Riskier Than They Appear

Share This Article