Discover and read the best of Twitter Threads about #riskcorridormassacre
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⚠️ THREAD: I'll be posting a write-up on this later today, but this morning's #SCOTUS ruling in the #RiskCorridorMassacre case could be a much bigger deal for millions of people than you may think. Here's why: 1/
This morning, the U.S. Supreme Court issued an 8-1 ruling in favor of a bunch of health insurance carriers who were suing the federal government over $12 billion which has been owed to them from 2015 - 2017 via the #ACA's "Risk Corridor" program. 2/
The Risk Corridor program gets kind of wonky, but it was basically one of the "training wheel" programs put in place during the first few rocky, chaotic years of the #ACA. A similar program has existed for Medicare Part D for years without controversy. 3/
There have been many attacks on the #ACA from the GOP over the years, and many of these have undermined, sabotaged and weakened it. Two of the biggest and most damaging attacks were the #RiskCorridorMassacre (spearheaded by @marcorubio) and the mandate repeal. 2/
The #RiskCorridorMassacre led or contributed to a domino effect of over a dozen insurers going belly-up, kicking over 800K off their policies, reducing competition, putting hundreds out of work and causing mass confusion while driving up rates. acasignups.net/16/08/31/retur… 3/
