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.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPro Broker ExpoEvent

BenefitsPro Broker Expo will help attendees prepare for new issues, embrace new challenges and find new solutions.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.