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Federal appellate court won't reconsider risk-corridor payment decision
Modern Healthcare: A federal appellate court on Tuesday dealt another blow to insurers attempting to claw back billions of dollars in unpaid risk-corridor payments they say they are owed under the Affordable Care Act.
The U.S. Court of Appeals for the Federal Circuit refused a rehearing petition from Oregon's Moda Health Plan and Illinois' Land of Lincoln Mutual Health Insurance Co. The court ruled in June that the federal government doesn't have to pay $12.3 billion in risk-corridor payments since Congress slapped a budget-neutrality requirement on the program.
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