Column: Supreme Court overturns key GOP sabotage of Obamacare, granting insurers $12 billion [Yahoo! Finance News]
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Source: Yahoo! Finance News
YAHOO_FINANCE HomeU.S. markets closedColumn: Supreme Court overturns key GOP sabotage of Obamacare, granting insurers $12 billionMichael HiltzikLA TimesApril 27, 2020ReblogShareTweetSen. Marco Rubio R-Fla.) fired a shot at Obamacare and hit consumers instead. Now the Supreme Court has said he was wrong all the way.John Raoux / Associated Press)Of all the Republican attempts to sabotage the Affordable Care Act, which began almost instantly after its enactment on March 23, 2010, one stands out as the most cynical and damaging.That's the GOP's undermining of "risk corridors," a provision designed to protect participants in the healthcare marketplace from undue losses as the system got rolling.On Monday, the Supreme Court overturned that effortA principle as old as the nation itself: The government should honor its obligations.Justice Sonia SotomayorThe immediate result is that the federal government will have to pay health insurers the money lost in the first three years of the ACA — a t
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