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Battle for billions of dollars in risk-corridor payments not over yet
Modern Healthcare: Health insurers' battle over billions of dollars in unpaid risk-corridor payments is far from over, despite a federal appeals court ruling on Thursday that the U.S. government does not have to open its wallet.
The U.S. Court of Appeals for the Federal Circuit sided with the federal government, ruling 2-to-1 that it doesn't owe health insurers $12.3 billion in payments under a program meant to offset losses during the early years of the Affordable Care Act exchanges. The ruling is a blow to insurers who have filed three dozen lawsuits over the risk-corridor program, including a class action involving 150 insurers.
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