Modern Healthcare July 24, 2020
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,...
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