Insurers that provide plans through the Patient Protection and Affordable CareAct individual marketplace are set to be receivingchecks from the federal government to help them defray the costsassociated with covering high-risk populations.

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The Centers for Medicare and Medicaid Services, the agency thatoversees PPACA’s implementation, announced on Friday that insurers would be splitting roughly$7.7 billion through the reinsurance program that they have beenpaying into.

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After the first year of PPACA, insurers that paid into thereinsurance fund were reimbursed for every dollar they spent on aclaim above $45,000, up to a maximum of $250,000.

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In the past year, insurers participating in the reinsuranceprogram paid $44 per enrollee.

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That is a decline from the $63 they were required to pay in2014, the first year of PPACA’s implementation.

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The lower fee is made possible by the $1.7 billion left overfrom the 2014 fund.

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The agency also projected that about $500 million of the moneyit collects this year will go towards paying for the program’sadministration as well as to the federal government’s generalfund.

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In the first year of operation, nearly 500 insurers paid intothe fund and nearly all of them received some payment from thefederal government as a result.

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