Gavel on flag The government claimed no obligation to make cost-sharing reduction payments, since Congress never appropriated funds to do so. A judge disagreed. (Photo: Shutterstock)

Another day, another defeat.

Or so it must seem to the Trump administration, with the news that Montana Health Co-op has emerged victorious—the first insurer to do so—in its case against the federal government over $5.3 million in unpaid cost-sharing reduction payments. Other insurers have also filed suit, but the Montana case is the first victory.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.