Amounts owed to insurers range from tens of thousands to hundreds of millions, with Kaiser Foundation Health Plan owed the most at $220.3 million. (Photo: Shutterstock)
The federal government has been ordered by a federal judge to fork over $1.6 billion in unpaid subsidies to about 100 health insurers.
Modern Healthcare reports that although the government is expected to appeal, the judgment is the result of a class action suit brought by Wisconsin-based Common Ground Healthcare Cooperative in the wake of the Trump administration's failure to pay up on subsidies that should have lowered health care costs for some of those who bought health coverage on the Affordable Care Act exchanges.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
