U.S. Supreme Court Takes Up Insurers' $12 Billion Obamacare Dispute
The U.S. Supreme Court on Monday agreed to decide whether the federal government must pay insurers $12 billion under an Obamacare program.
The justices will hear an appeal by a group of insurers of a lower court ruling that Congress had suspended the government’s obligation to make the payments.
The insurers have argued that the ruling would allow the government to pull a “bait-and-switch” and withhold money they were promised.
Insurers including Moda Health Plan have said the government was supposed to help them recover from early losses they suffered after the passage of the 2010 Affordable Care Act.