Major Blues health insurer sues to recoup ACA funds
HCSC headquarters in Chicago. Photo: Raymond Boyd/Getty Images
Health Care Service Corp. is suing the federal government, arguing it is owed $2 billion from the Affordable Care Act's risk corridors program, which was put in place to mitigate insurance company losses in the law's early years.
Between the lines: The timing of the lawsuit is odd. Several other health insurers have already sued the feds over unpaid risk corridors claims, which led to the Supreme Court hearing their arguments this past December. However, a spokesperson for HCSC, which owns five Blue Cross Blue Shield affiliates, said the company is "not speculating on how the SCOTUS will rule."