Home Current News U.S. Supreme Court rules for insurers over $12 billion Obamacare claims

U.S. Supreme Court rules for insurers over $12 billion Obamacare claims

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U.S. Supreme Court rules for insurers over $12 billion Obamacare claimsThe U.S. Supreme Court on Monday ruled in favor of health insurers seeking $12 billion from the federal government under a program set up by the Obamacare law aimed at encouraging them to offer medical coverage to previously uninsured Americans. The 8-1 ruling authored by liberal Justice Sonia Sotomayor paves the way for a significant one-time cash infusion for major companies such as Humana Inc, Anthem Inc and Centene Corp. The justices reversed a lower court’s ruling that Congress had suspended the government’s obligation to make such payments.

Source: yahoo.com/news