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Swordsmyth
06-14-2018, 10:56 PM
The federal government doesn’t have to pay health insurers money they claim they’re owed from an Obamacare program, a federal appellate court ruled Thursday morning in a case with billions of dollars at stake.
A divided three-judge panel rejected claims from two Obamacare insurers that the federal government was required to make good on payments from a program meant to protect insurers who attracted customers who were sicker and more expensive than anticipated.



The two insurers were seeking hundreds of millions of dollars in payments from Obamacare’s risk corridor program, and at least three dozen other insurers have filed similar lawsuits. In all, insurers say they’re owed more than $12 billion from the risk corridor program, a shortfall they have partially blamed for skyrocketing premiums and dwindling competition in the Affordable Care Act marketplaces.
The court, siding with the Trump administration, said the federal government didn’t have to make the payments because Congress had taken action — after Obamacare’s passage — requiring the program to be budget neutral year after year.
“Congress clearly indicated its intent here,” the majority opinion read.
The decision is likely to set a precedent for the other pending cases. The insurers can appeal the ruling to the U.S. Supreme Court, raising the prospect that the high court could again weigh in on an Obamacare case.

More at: https://www.politico.com/story/2018/06/14/court-federal-government-doesnt-owe-insurers-obamacare-payments-625063

nobody's_hero
06-15-2018, 05:41 AM
Let that be a lesson to them about the perils of doing business with the government. Perhaps they should not have been so excited about the government forcing people to do business with them.

Weston White
06-15-2018, 05:47 AM
The government is the form of a viper, relax your grip too much and you too will get bitten, doesn't matter who you are, who you think you are, or what you aspire to become.

Let us see what class of sordid bullshit CJ Roberts pulls out from his sorry arse this time around.