Risk Corridors

How did one article in the newspaper turn into a $12bn case? It starts with the Affordable Care Act, the “risk corridors program” incentivized insurers to enter the new health insurance marketplace by agreeing to backstop outsized losses in the first three years of the exchange's existence. The Government was refusing to pay amounts in full, losses mounted, and bankruptcies stacked up across the health insurance industry and the country. One little article covering such a bankruptcy crossed J...