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The judgment settles the Portland insurer's four year battle against the federal government over risk corridor payments under the Affordable Care Act.
Portland-based Moda Health Plan, battered in recent years by uncertain finances, stands to gain a substantial infusion of cash as a result of a U.S. Supreme Court decision that bolstered part of the Affordable Care Act.
No clear split between conservative and liberal Supreme Court justices emerged Tuesday as justices heard arguments over whether the federal government could renege on Congress’ promise to p
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After three years of legal victories, setbacks and appeals, Moda Health and other insurers are finally facing off with the federal government at the U.S. Supreme Court.
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More than 20 state governments, insurance regulators and the U.S. Chamber of Commerce are supporting a U.S. Supreme Court case led by Moda Health and other insurers against the federal government.
The U.S. Supreme Court announced on Monday that it will hear cases by Moda and other insurers against the federal government over millions of dollars in payments it said it was due under the Affordable Care Act.
