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DonViejo

(60,536 posts)
Mon Jun 24, 2019, 10:20 AM Jun 2019

Supreme Court to hear ObamaCare case on whether insurers are owed billions


BY PETER SULLIVAN - 06/24/19 10:09 AM EDT

The Supreme Court on Monday agreed to hear a case on whether insurance companies are owed billions of dollars in ObamaCare payments from the federal government.

The move means the health law will once again be going back to the Supreme Court, though this case is more technical than some of the more high-profile efforts to strike down the entire law, one of which is still making its way through lower courts.

Still, this case has important ramifications. Insurers sued to say that they are owed around $12 billion in payments through an ObamaCare program called “risk corridors” intended to shield insurers from heavy losses due to sick enrollees during the early years of the health law.

Congressional Republicans successfully pushed to limit the payments, leading to a shortfall for insurers that contributed to the well-publicized premium increases in the early years of the law.

more
https://thehill.com/policy/healthcare/449996-supreme-court-to-hear-obamacare-case-on-whether-insurers-are-owed-billions
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