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Insurers to get almost $8 billion in health care reform reimbursements
Business Insurance

The federal government will pay out nearly $8 billion in claims reimbursements to 437 health insurers under a reinsurance program created by the health care reform law.

Under the first year of the three-year Transitional Reinsurance Program — intended to encourage insurers to provide coverage in the individual market — health insurers writing coverage in the individual market are reimbursed by the government for 2014 claims between a $45,000 attachment point and a $250,000 ceiling.