UNH - Supreme Court declines to hear cases over Obamacare payments to insurers

YinYang/E+ via Getty Images The Supreme Court has declined to hear appeals brought by several private insurers who are seeking further reimbursement from the federal government to offset losses from insuring additional individuals. The insurers that brought the cases are Maine Community Health Options, Community Health Choice, and Common Ground Healthcare Cooperative. The 2010 Affordable Care Act's requirement that all individuals are eligible for health coverage led many insurers to incur steep losses in the early years of the law. Insurers have claimed that they are entitled  reimbursement to deal with these losses. In August 2020, the US Court of Appeals for the Federal Circuit ruled that that the insurers' reimbursement could be provided by other income they received such as federal government premium tax credits. Major health insurers in afternoon trading: Anthem (ANTM) +1.6%; UnitedHealth Group (UNH) +2.1%; Cigna (CI) +1.3%; and CVS Health (CVS) +1.8%.

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Supreme Court declines to hear cases over Obamacare payments to insurers