Supreme Court to decide whether insurance companies can collect $12 billion to cover Obamacare losses

June 24, 2019 at 8:30 p.m. | Updated June 24, 2019 at 8:36 p.m.

by Associated Press

In this Oct. 10, 2017, file photo, the Supreme Court in Washington, at sunset. The Supreme Court is upholding an Indiana law that requires abortion providers to dispose of aborted fetuses in the same way as human remains. But the justices are staying out of the debate over a broader provision that would prevent a woman in Indiana from having an abortion based on gender, race or disability. (AP Photo/J. Scott Applewhite, File)
In this Oct. 10, 2017, file photo, the Supreme Court in Washington, at sunset. The Supreme Court is upholding an Indiana law that requires abortion providers to dispose of aborted fetuses in the same way as human remains. But the justices are staying out of the debate over a broader provision that would prevent a woman in Indiana from having an abortion based on gender, race or disability. (AP Photo/J. Scott Applewhite, File)

WASHINGTON (AP) - The Supreme Court will decide whether insurance companies can collect $12 billion from the federal government to cover their losses in the early years of the health care law championed by President Barack Obama.

The justices say Monday that they will hear appeals in the fall from insurers who argue that they are entitled to the money under a provision of the "Obamacare" health law that promised insurers a financial cushion for losses they might incur by selling coverage to people in the marketplaces created by the health care law.

The companies cite Health and Human Services Department statistics to claim they are owed $12 billion.

But Congress inserted a provision in the department's spending bill from 2015 to 2017 to limit payments under the "risk corridors" program.

Upcoming Events