Court REJECTS Claim that Health Insurers are Owed Billions in Obamacare Risk Corridor Payment

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Re: Court REJECTS Claim that Health Insurers are Owed Billions in Obamacare Risk Corridor Payment

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Message 21 of 24

You're correct, and that's in large part because the GOP has done everything it can to dismantle it, to unfund it.  We both know the ACA was created to be adjusted after several years....call it fixed if you like, to identify what adjustments were needed....similar to Medicare over the last 50+ years.  But when you have the majority in Congress, the GOP over the last 8 years hell-bent to destroy it, it isn't going to get "fixed" or adjusted.  Medicare would have failed (imploded) years ago if it was adjusted as well.

 

Is there anything stated you would disagree with?


"FAKE 45 #illegitimate" read a sign at the Woman's March in DC, 1/27/2017
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Re: Court REJECTS Claim that Health Insurers are Owed Billions in Obamacare Risk Corridor Payment

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The ACA has been falling apart bit by bit from the moment it was passed. 

Not only did the law itself have problems but many of the rules that were written by the Obama Administrators had problems too - - just like these risk corridor payments.

 

When the SCOTUS ruled that the individual mandate penalty was a "TAX" - that threw it back into the hands of Congress because it is this body that controls taxes.

 

The people who have really been harmed by the Law out of their own pocketbook are the ones that receive NO subsidy - otherwise, the government is the one that is making up those increase in premiums or the loss of those cost subsidy reductions.

 

I don't know where it will all end, if the law will be further morphed, or killed all together by market forces as a result of changes this Administration is making - it is ultimately in the hands of Congress (all of them) to fix it or create something else.  

 

But since we don't seem to have enough members In Congress wanting to negotiate any type of conclusion  - I'm not holding my breath.

 

 

 

 


* * * * It's Always Something . . . Roseanne Roseannadanna
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Re: Court REJECTS Claim that Health Insurers are Owed Billions in Obamacare Risk Corridor Payment

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@GailL1 wrote:

Politico 06.14.2018 - Court: Federal Government Doesn't Owe Insurers Obamacare Payments

 

A divided three-judge panel on Thursday 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 panel said the government doesn't have to pay insurers the money because Congress had taken action — after the health law's passage — requiring the program to be budget neutral year after year. The program in contention was aimed at enticing insurers into the market with promises of covering their financial risks.

 

Read more at the above link -


Of course it will make premiums increase that much higher....it's just another example of how the GOP will negatively impact those covered and point the finger at Dems.  It's all part of their plan to defund the plan as much as possible and say, "See?  We told you it would implode."


"FAKE 45 #illegitimate" read a sign at the Woman's March in DC, 1/27/2017
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Court REJECTS Claim that Health Insurers are Owed Billions in Obamacare Risk Corridor Payment

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Message 24 of 24

Politico 06.14.2018 - Court: Federal Government Doesn't Owe Insurers Obamacare Payments

 

A divided three-judge panel on Thursday 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 panel said the government doesn't have to pay insurers the money because Congress had taken action — after the health law's passage — requiring the program to be budget neutral year after year. The program in contention was aimed at enticing insurers into the market with promises of covering their financial risks.

 

Read more at the above link -


* * * * It's Always Something . . . Roseanne Roseannadanna
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