Government Seeks To Vacate $24.5M Award Under ACA For Insurer's Liquidator

Mealey's (July 23, 2020, 9:14 AM EDT) -- WASHINGTON, D.C. — The U.S. government on July 17 asked the Federal Circuit U.S. Court of Appeals to vacate a $24.5 million award for an insolvent insurer's liquidator because Colorado's insolvency law cannot extinguish or delay an insurer's obligation to make payments owed under the Patient Protection and Affordable Care Act's (ACA) risk adjustment program (Michael Conway v. The United States, No. 20-1292, Fed. Cir.)....