Insurers plead with Supreme Court for $12 billion in government reimbursements for Obamacare

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Insurers plead with Supreme Court for $12 billion in government reimbursements for Obamacare
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Insurers went to the Supreme Court seeking justice on $12 billion in Obamacare payments they say they are owed by the government

Insurers went to the Supreme Court on Tuesday seeking justice on $12 billion in Obamacare payments they say they are owed by the government.

During a lively hour-long argument, several justices suggested that the government had reneged on a promise, suggesting they may rule in favor of the insurers -- who claim they are the victims of a"bait and switch of staggering dimensions."In the early days of the Affordable Care Act, insurers agreed to offer lower premiums to encourage participation in health care exchanges because the law guaranteed partial reimbursement for their losses.

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