An Oregon health insurer ravaged by the federal government's inability to come through with promised funds is suing the U.S. for $5 billion.
Health Republic Insurance filed the action Wednesday in the U.S. Court of Federal Claims. The company had announced in October it would not offer insurance plans in 2016.
The U.S. Centers for Medicare and Medicaid revealed on Oct. 1. that it would pay only 12.6 cents on the dollar owed insurers under the “risk corridor” program, which translated to a $20…An Oregon health insurer ravaged by the federal government's inability to come through with promised funds is suing the U.S. for $5 billion.
Health Republic Insurance filed the action Wednesday in the U.S. Court of Federal Claims. The company had announced in October it would not offer insurance plans in 2016.
The U.S. Centers for Medicare and Medicaid revealed on Oct. 1. that it would pay only 12.6 cents on the dollar owed insurers under the “risk corridor” program, which translated to a $20…