Justices Suggest Gov't Flouted ACA Duty To Insurers

By Jimmy Hoover and Jeff Overley (December 10, 2019, 11:37 AM EST) -- The federal government struggled to convince the U.S. Supreme Court on Tuesday that it doesn't have to cover the billions of dollars that insurance companies lost in the first few years of the Affordable Care Act under the health care law's "risk corridor" program.

The risk corridor program was meant to encourage insurance companies to participate in the ACA's health care exchanges by shifting funds from highly profitable ACA insurers to money-losing ones. But when it became clear that profits wouldn't be nearly enough to cover losses, Congress refused to make up the $12 billion difference. Lawmakers prohibited spending on risk...

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