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20 biggest new ACA risk corridors failure absorbers

The government may skip $1 billion in payments to Health Care Service Corp.

By Allison Bell | Updated on November 28, 2016
Problems with the Affordable Care Act risk corridors program could be especially hard on Health Care Service Corp., a large insurer based in Chicago. (Photo: Thinkstock)

The companies that sold health coverage through the Affordable Care Act public exchange system in 2015 are going over a new list that shows how much cash they could possibly get from the ACA risk corridors program — if Congress provides enough cash to cover the program’s bills.

Drafters of the ACA created the risk corridors program to help compensate health insurers for all of the dramatic changes in underwriting rules, benefits rules and programs created by the ACA, and to tempt insurers into the ACA public exchange system. The program was supposed to use cash from exchange plan issuers that did well in 2014, 2015 and 2016 to compensate the issuers that did poorly.

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