Illinois Co-Op Sues For $73M Over Risk Corridors, Faces Small Group Exit

Land of Lincoln Health on Thursday (June 23) became the first consumer-operated and -oriented plan to sue the federal government over risk corridors while still in operation, asking the court for $72.9 million in payments for 2014 and 2015. Two other co-ops have sued the government, though under different circumstances. Oregon's Health Republic Insurance filed the first risk corridor suit in February after going out of business, and Maryland's Evergreen Health also sued over risk adjustment, another of the...