Insurers Collect Billions Following SCOTUS Risk Corridors Ruling
The U.S. Court of Federal Claims last month issued judgments of $3.7 billion to insurers involved in two class-action lawsuits, after the Supreme Court ruled in April that insurers were entitled to more than $12.2 billion in Affordable Care Act risk corridors payments. Over the past few years, lower court judgments or stipulations accounted for more than $9.6 billion of the unpaid funding, according to Katie Keith, a research professor at Georgetown University’s Center on Health Insurance Reforms.
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