The CMS has re­it­er­ated its de­sire to pay out risk cor­ri­dors pay­ments de­spite the mas­sive short­fall in the near term.

Modern Healthcare - - LATE NEWS -

Ac­cord­ing to a memo, if health in­sur­ers are still owed money un­der the risk cor­ri­dors pro­gram for 2016, HHS “will ex­plore other sources of fund­ing for risk cor­ri­dors pay­ments, sub­ject to the avail­abil­ity of ap­pro­pri­a­tions. This in­cludes work­ing with Congress on the nec­es­sary fund­ing for out­stand­ing risk cor­ri­dors pay­ments.” The CMS gave sim­i­lar re­as­sur­ances when the agency first an­nounced it would be pay­ing out only 12.6% of risk cor­ri­dors re­quests for 2014 claims, leav­ing $2.5 bil­lion of re­quested funds in pur­ga­tory. The risk cor­ri­dors pro­gram, one of three health in­sur­ance risk pro­grams es­tab­lished by the Af­ford­able Care Act, helps mit­i­gate in­sur­ers’ losses in the early years of the in­sur­ance mar­ket­places. The risk cor­ri­dors pro­gram ex­pires af­ter 2016.

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