Insurers could face impossible task of collecting billions of dollars owed them by government
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A judge ordered the federal government Thursday to pay Oregon insurer Moda Health $214 million after failing to fully compensate the company for so-called risk corridor claims under Obamacare.
Other insurers that also sell Obamacare plans have current claims on $8 billion more related to the same program, and those claims could rise to as high as almost $15 billion once 2016 plan results are finalized.
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That's because the Republican-led Congress, whose actions led to the insurers getting stiffed on that cash in the first place, also has the power to bar the government from paying the insurers any legal judgments related to the money.
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"Our president, however, has a track record of stiffing business partners. I wouldn't be surprised if he signed a law doing just that."
http://www.cnbc.com/2017/02/10/obamacare-insurers-face-impossible-task-of-collecting-billions-of-dollars.html