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Insurers plead with Supreme Court for $12B over ObamaCare claims

Insurers plead with Supreme Court for $12B over ObamaCare claims

The Supreme court examined the Affordable Care Act for the fifth time, over claims by insurers that the federal government owes them billions of dollars from a now-defunct financial incentive program under the act. A decision is expected by summer.

Clara
Clara
Herbie Goes Bananas
Herbie Goes Bananas 7 months

ACA is the sort of 'brilliant' legislation forced through by the Dems when they have uninhibited power. My fellow Americans: think about that in November.

I have no idea
I have no idea 7 months

Because the government runs healthcare so well.

IvoryDove
IvoryDove 7 months

If not for Roberts' #JudicialRevision of Obamacare, the "penalty" was unconstitutional and should have killed it. It was a penalty because congress said it was a penalty and debated whether it was a tax or penalty and the winning side of the debate asserted it was a penalty, not a tax. Roberts should have ruled it unconstitutional and told congress to rewrite the legislation.

America
America 7 months

Yet another case where individual insurers banked on big gov under the Obama administration where in reality it should be them who takes on the lions share of fair market value and stay competetive. Glad to see this administration trying to take a minimalist stance leaving only the tax oayers to benefit. I had a similar issue a few years ago with home owner/car insurance. Company I had been with for years decided to do a "random" inspection after they merged into a conglomerate to upcharge or drop "high" risk properties. My insurance broker called and said my suspicions were correct in that they were moving to increase prices due to the merger, so he shopped around for me and found same coverage for same or less price with a smaller firm. The insurers from the article are most likely the bigger companies, so in this case people aren't dumb, they shop around and go with a more competetive rate and the bigger compamies take the hit. I see why they feel disillusioned however with the repeal of the penalty from the tax code any self respecting business should have seen this coming and prepared.

RJ of Cthulhu
RJ of Cthulhu 7 months

"You have to pass it to find out what's in it"

Star Alien
Star Alien 7 months

Just pass medicare for all

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