Government Seeks Rehearing To Vacate $24.5M ACA Award For Insurer’s Liquidator

Mealey's (August 5, 2021, 1:16 PM EDT) -- WASHINGTON, D.C. — The U.S. government on Aug. 2 filed a petition for a panel rehearing of the Federal Circuit U.S. Court of Appeals’ May 17 rejection of its appeal seeking to vacate a $24.5 million award for an insolvent insurer’s liquidator, challenging the court’s finding that it does not have a right to offset Patient Protection and Affordable Care Act (ACA) obligations during the insolvency proceeding and that the U.S. Court of Federal Claims’ money judgment was proper....