Jar of IOUs Amounts owed toinsurers range from tens of thousands to hundreds of millions, withKaiser Foundation Health Plan owed the most at $220.3 million.(Photo: Shutterstock)

The federal government has been ordered by a federal judge tofork over $1.6 billion in unpaid subsidies to about 100 healthinsurers.

Modern Healthcare reports that although the government isexpected to appeal, the judgment is the result of a class actionsuit brought by Wisconsin-based Common Ground HealthcareCooperative in the wake of the Trump administration's failure to pay up on subsidies that should havelowered health care costs for some of those who bought healthcoverage on the Affordable Care Act exchanges.

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

  • Critical BenefitsPRO 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

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.