Colorado Insolvency Law Bars Offset Under ACA Program, Liquidator Says

Mealey's (June 11, 2020, 11:53 AM EDT) -- WASHINGTON, D.C. — An insolvent insurer’s liquidator argues in a June 8 appellee brief to the Federal Circuit U.S. Court of Appeals that Colorado’s insolvency law prohibits the U.S. government’s offset of payment under the Patient Protection and Affordable Care Act’s (ACA) risk adjustment program against the liquidator’s demand for payment under the ACA’s reinsurance program (Michael Conway v. The United States, No. 20-1292, Fed. Cir.)....