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.
Republicans in Congress moved in early 2015 to block program managers from using any resources other than payments from thriving exchange plan issuers to make good on program obligations.
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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.
