Supreme Court tells U.S. government to pay insurers $12 billion under Obamacare

Supreme Court tells U.S. government to pay insurers $12 billion under ObamacareThe federal government must "honor its obligations" and pay private insurers $12 billion owed to them under an Obamacare provision aimed at encouraging them to offer medical coverage to uninsured Americans, the U.S. Supreme Court ruled on Monday. 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 under the Affordable Care Act, widely known as Obamacare.




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