by Kristine Grow
June 14, 2018
WASHINGTON, D.C. – America’s Health Insurance Plans (AHIP) issued the following comments following the Federal Circuit’s decision regarding the risk corridor program in the individual market:
“Millions of Americans rely on the individual market for their coverage and care, and they deserve a steady market that provides them with affordable choices. Health insurance providers relied upon the government to make full risk corridor payments, as required by statute, just as they met other related statutory obligations during the initial years of a new program. Courts have long recognized that companies doing business with the federal government — including but not limited to health insurance providers — must be able to rely upon the federal government as a fair and reliable partner. This protects not only the interests of the private market and consumers, but also the government’s own long-term interest in maintaining strong partnerships with the private sector.”
America’s Health Insurance Plans (AHIP) is the national trade association representing the health insurance community. AHIP’s members provide health and supplemental benefits to millions of Americans through employer-provided coverage, the individual insurance market, and public programs such as Medicare and Medicaid. AHIP advocates for solutions that expand access to affordable health care coverage to all Americans through a competitive marketplace that fosters choice, quality, and innovation. Visit www.ahip.org for more information.