Humana Inc. says it no longer has much hope that it will collect $591 million in payments that it's supposed to get from the Affordable Care Act risk corridors program.
The Louisville, Kentucky-based health insurer says it will record $583 million in adjustments, before taxes, when it reports its earnings for the fourth quarter.
The ACA risk corridors program was supposed to protect health insurers against some of the risks involved with participating in the ACA public health insurance exchange system, by using cash from thriving exchange plan issuers to help carriers with poor exchange results in 2014, 2015 and 2016.
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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.
