Moda is third insurer to sue over ACA risk-corridor payments
Portland, Ore.-based Moda Health has filed a lawsuit against the federal government for $180 million it says its owed in risk-corridor payments included in the Affordable Care Act, according to the Portland Business Journal.
Two other insurers, Highmark and Health Republic Insurance of Oregon, had previously filed suits over HHS paying only 12.6 percent of the $2.9 billion requested by insurers to mitigate losses on ACA exchanges in the first years of open enrollment.
To read more about Moda’s lawsuit, click on the link below:
John joined TriMed in 2016, focusing on healthcare policy and regulation. After graduating from Columbia College Chicago, he worked at FM News Chicago and Rivet News Radio, and worked on the state government and politics beat for the Illinois Radio Network. Outside of work, you may find him adding to his never-ending graphic novel collection.