ACA Doesn't Authorize 'Risk Corridors' For Insurers: Report

Law360, New York (February 5, 2014, 7:27 PM EST) -- The Affordable Care Act uses imprecise language that doesn’t give the federal government authority to fund a controversial “risk corridors” program intended to protect health insurance companies from losses, the nonpartisan Congressional Research Service said in a memo released Tuesday.

The memo, which was requested and publicized by the Republican-controlled House Energy and Commerce Committee, found that the ACA failed to specify a funding source for risk corridors. Without such specificity, federal agencies are barred from making expenditures, the CRS said.

That conclusion was based in...
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