Federal Circuit Court Affirms $24.5M Award Under ACA For Insurer’s Liquidator

Mealey's (May 19, 2021, 1:23 PM EDT) -- WASHINGTON, D.C. — The Federal Circuit U.S. Court of Appeals on May 17 rejected the U.S. government’s appeal seeking to vacate a $24.5 million award for an insolvent insurer’s liquidator, finding that the government does not have a right to offset Patient Protection and Affordable Care Act (ACA) obligations during the insolvency proceeding and the U.S. Court of Federal Claims’ money judgment was proper....