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Supreme Court to consider $12 billion lawsuit over Obamacare payments to health insurance companies

The Supreme Court on Monday agreed to hear an appeal from health insurance companies who say the federal government owes them $12 billion from losses sustained under the Affordable Care Act.

The cases involve one of the Affordable Care Act’s three risk mitigation programs that were designed to shield insurers from losses, giving them a greater incentive to participate when the individual exchanges opened in 2014.