GAO: ACA ‘Risk Corridors’ Not Funded By Statute, Require Annual Appropriation
Mealey's (June 15, 2015, 12:51 PM EDT) -- WASHINGTON, D.C. — Congress will need to include certain language in its appropriation to the U.S. Department of Health and Human Services to fund risk corridors because the Patient Protection and Affordable Care Act (ACA) does not explicitly fund them, the Government Accounting Office (GAO) told the U.S. Senate in a Sept. 30, 2014, letter.
(GAO letter available. Document #93-141029-004X.)
ACA Section 1342 creates temporary premium stabilization programs, commonly referred to as “risk corridors,” designed to offset the risk insurers take by offering qualified plans through...