Judge Approves Sale Of Rights To Possible Recoveries From ACA Litigation

Mealey's (December 22, 2016, 8:28 AM EST) -- CHICAGO — An Illinois judge on Dec. 2 approved an agreement under which a Patient Protection and Affordable Care Act (ACA) insurer in liquidation will sell its rights to a portion of the monies it may recover from the United States in a litigation regarding the United States’ failure to make $75 million of ACA risk-corridor payments to the insolvent insurer (People of the State of Illinois, ex rel. Anne Melissa Dowling, Acting Director of Insurance of the State of Illinois v. Land of Lincoln Mutual Health Insurance Company, No. 2016CH09210, Ill. Cir., Cook Co., Chanc. Div.)....