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Feds owe 10 payers $1.2B under ACA risk corridor program, but payers may get nothing

The federal government owes payers participating in the ACA's risk-corridor program millions, but the payers will receive no money this year due to the large amount of debt the government has accrued, according to The Hill.

Here are four points:

1. In 2015, the government only paid insures 12.6 percent of what they were owed.

2. The federal government is currently in debt to payers from 2014 and will not pay insurance companies anything this year. Rather, the money will go toward the government's debts for the 2014 calendar year.

3. The government owes the following 10 payers a substantial amount of money for participating in the risk-corridor program in 2014. The following payers are suing the government for the listed amount owed:

•    Highmark — $430.4 million
•    Blue Cross and Blue Shield of North Carolina — $339 million
•    Moda Health —$209.1 million
•    Blue Cross of Idaho — $77 million
•    Montana Health CO-OP — $43.4 million
•    Maine Community Health Options — $22.94 million
•    New Mexico Health Connections — $22.5 million
•    Blue Cross Blue Shield of Michigan — $22.2 million
•    Health Republic — $19.6 million
•    Minuteman — $6.16 million

4. The Illinois co-op Land of Lincoln is also suing the federal government after it learned it will only receive $149,000. The co-op accrued almost $72 million in risk-corridor payouts last year. The Hill reports the other payers are closely monitoring the Land of Lincoln case to see how it fares as it may provide insight into how their lawsuits will pan out in court.

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