Judge Allows Distribution Of Funds To Insolvent Insurers In ACA Risk-Corridor Suit

Mealey's (August 19, 2021, 10:20 AM EDT) -- WASHINGTON, D.C. — A U.S. Court of Federal Claims judge said on Aug. 12 that a claims administrator may distribute 95% of funds recently recovered by two subclasses of insolvent insurers in a lawsuit seeking a declaratory judgment that the U.S. government owes the insurers millions of dollars under the Patient Protection and Affordable Care Act (ACA) risk-corridor program, indicating that the remaining 5% will remain in escrow until resolution of class counsel’s motions for attorney fees....