Insurer Tells of ‘Bait-And-Switch’ In ACA Risk Corridors

Mealey's (June 9, 2017, 3:29 PM EDT) -- WASHINGTON, D.C. — The government enticed insurers to the Patient Protection and Affordable Care Act (ACA) marketplace with promises to pay them under the risk-corridor program and then flip-flopped on the deal, leaving catastrophic losses and hardship in its wake, an insurer told a federal appeals court on May 22 (Land of Lincoln Mutual Health Insurance Co. v. The United States of America, No. 17-1224, Fed. Cir.)....