(Bloomberg) -- The U.S. government will pay Anthem Inc. $742 million and Humana Inc. $549 million to reimburse big insurance claims the companies covered under the Patient Protection and Affordable Care Act.
The reinsurance payments -- which also went to firms like Aetna Inc. and Assurant Inc. -- are designed to stabilize Obamacare’s nascent insurance markets by helping to cover more expensive claims. The figures disclosed Tuesday were in line with what the companies had projected.
Details of those payments and a related program that shifts funds among companies were released by the Centers for Medicare & Medicaid Services.
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