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Insurers lose high-stakes ACA lawsuit

A laptop open to HealthCare.gov
Photo: Joe Raedle/Getty Images

A federal appeals court today shot down insurance companies’ claim that the federal government owes them about $12 billion from an Affordable Care Act program.

The intrigue: Insurers lost billions of dollars when Congress put the brakes on a program that had been designed to help stabilize the ACA in its early years. Those losses contributed to driving some new insurers out of business — but that’s just the way it is, the court said today.