Monday, April 27, 2020
PITTSBURGH (April 27, 2020) — We applaud the Supreme Court’s decision to uphold the federal government’s legal responsibilities related to the Affordable Care Act’s (ACA’s) risk corridor program and vindicated insurers’ rights to recover the full amount of risk corridors payments which have been owed since the end of 2014.
Highmark, like many insurers across the country, entered the ACA marketplace to make health care more affordable, accessible and higher-quality. We entered the ACA marketplace amid considerable uncertainty in good faith that the federal government would fulfill its legal obligations.
Today’s ruling affirms that the federal government must fulfill its promises to preserve the trust that makes successful public-private partnerships, including the ACA marketplace, possible.
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