Blue Cross and Blue Shield affiliates in Alabama and Tennessee were the latest plans to sue the federal government to force payment under the Affordable Care Act’s risk-corridor program.
The insurers say they are owed about $250 million combined in unpaid risk-corridor payments for 2014 and 2015. The riskcorridor program was created to curb insurers’ preliminary losses on the health insurance exchanges. Several other insurers, including Blue Cross and Blue Shield of North Carolina, have also sued to recover payments. They and others allege breach of contract.