Insurance industry groups say the federal health law gives the U.S. Department of Health and Human Services no authority to limit how much it spends on a new carrier protection program.
The Centers for Medicare & Medicaid Services says it wants to make the "risk corridor" program "budget neutral."
The program is supposed to limit the effects of new Patient Protection and Affordable Care Act health insurance rules by shifting cash from carriers with high underwriting profit margins to carriers that report underwriting losses or have low underwriting margins.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
