Supreme Court Puts Government On the Hook for $12 Billion in Obamacare Payments

The Supreme Court on Monday ruled that the federal government is on the hook for billions in payments to health insurers who sold coverage on the Affordable Care Act exchanges.

The eight to one decision clears the way for insurers to collect upwards of $12 billion via an Obamacare program designed to help insurers manage risks they took by participating in ACA exchanges. Congress has refused to appropriate federal money for the program since 2014, leaving insurers in the lurch.

The decision is a blow to congressional Republicans and the...