Federal regulators may not owe a failed Chicago-based health insurer more than $75 million in damages under an Affordable Care Act program set up to help minimize the financial risk of participation in the new public exchanges.
Judge Charles Lettow of the U.S. Court of Federal Claims on Thursday rejected a suit filed by Land of Lincoln Mutual Health Insurance Company, a nonprofit, member-owned insurer. The Illinois Department of Insurance began liquidating the health startup in September.
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