Insurer Molina won $52 million in an Obamacare lawsuit.
washingtonexaminer.com reports: The federal government owes health insurer Molina $52 million for payments it was supposed to receive involving losses under Obamacare, the U.S. Court of Federal Claims ruled Friday.
The payments, called “risk corridors,” were diminished as part of a spending bill advanced by Republicans, who referred to them as a “bailout” for the insurance industry. Withholding them contributed to losses for insurers and to the shutdown of nonprofit insurance co-ops created under the law.
The risk corridor program, established under Obamacare, pays insurers for losses they incur during the first three years after participating in the exchanges. They were intended to help insurers that ended up with too many sick enrollees and an unbalanced risk pool.
Molina incurred losses from 2014 to 2015 but did not receive payments from the federal government.