Another Obamacare lawsuit pops up
A handful of health insurance companies have sued the federal government for funds that were promised in an Obamacare program. Add Molina Healthcare to the list.
Molina, whose chief executive told me he couldn't give a "definitive answer" about staying in the Obamacare marketplaces for 2018, filed a lawsuit this week against the feds. The company is demanding payment of the $52 million it is owed under Obamacare's risk corridor program.
Why this matters: A handful of insurers that lost a lot of money on the Obamacare exchanges have sued to try to recoup these risk corridor payments. Now, even the companies that have fared well on the exchanges, like Molina, are fed up and are pressing to get money that was promised to them.