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2 more co-ops sue over ‘risk adjustment’

Two more health cooperatives set up under the Affordable Care Act are suing the Obama administration over a program in which insurers compensate each other for taking on sicker customers under the ACA.

The Wall Street Journal reported that New Mexico Health Connections and Minuteman Health of Massachusetts argue that the Obama administration ”mismanaged the program known as ‘risk adjustment’ by creating an inaccurate formula that overly rewarded big insurers.”

“The co-ops—along with Maryland’s Evergreen Health, which filed the original suit—are among the few such startup insurance companies to have survived after their launch in the fall of 2013. ”

To read The Wall Street Journal story, please hit this link.

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