Home / Media / The Federal Government owes this company $52 million thanks to Obama

The Federal Government owes this company $52 million thanks to Obama

Capture

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.

Sourc:http://redstatewatcher.com

About martin Iden

Check Also

Screen-Shot-2016-08-25-at-6.18.16-PM-730x480

Liberal Cher Invites Illegals Into Her Mansion For Protection From Trump – HUGE Mistake!

The number of celebs outraged over President Trump’s new immigration enforcement plan just keeps going …

Social Media Auto Publish Powered By : XYZScripts.com
Please Support Online Petition To Congress For Banning Islam From U.S. If You Do Please Like This Form. Together We Can Do That!!!
Islam is not a religion, it is a violent cult and should be banned from America. I urge you to sponsor and support legislation banning Islam from America. Remember To Start This Movement It Is Necessary To Get At Least 100,000 Likes!