The Supreme Court has ruled that the US Government (US Taxpayers) owe healthcare insurers billions of dollars due to Obamacare.
According to The Hill:
The 8-1 decision on the $12 billion risk corridor program is a victory for insurers, but comes well after the funding could have had an impact on the ObamaCare law.
The risk corridor program was meant as a temporary financial incentive that Congress offered insurers to stabilize premiums and encourage participation in the insurance exchanges. The program sought to discourage insurers from setting premiums high by protecting those with sicker customers then expected.
Insurers that made money were supposed to pay into a fund, which was used to reimburse plans that lost money. However, insurers quickly lost money and the program paid out more than it took.
But Republicans called the program an insurer “bailout,” and introduced measures that prohibited the use of taxpayer dollars to fund the program, which sharply reduced the amount of funds available for reimbursement payments.
The Supreme Court has decided that theUnited States Congress does have an obligation to pay insurers.