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Iowa insurer sues feds over CoOportunity wind down
Iowa Insurance Division filed a lawsuit in Des Moines seeking priority rules and payment of 130 million in Risk Corridor funds. Insurance Commissioner Nick Gerhart says the federal government is delaying and attempting to jump ahead of creditors, threatening policyholder claims. The case targets how ACA co-ops wind down and aims to recover nearly 100 million in loans.
MENTIONED IN THIS ARTICLE
Trown’s
CoOportunity Health
CoOportunity
CMS
Centers For Medicare and Medicaid Services
Nick Gerhart
Department of Justice
Gerhart
U.S. Department of Health and Human Services
HHS
Iowa
Nebraska
Iowa Insurance Division
Congress
Co- Oportunity
ACA
U.S
Des Moines