Welcome to Insurance Lovers Interesting RC Twist

No, non that RC; RC every fleck inwards Risk Corridor. Regular readers may retrieve that these were payments promised to insurers to assistance mitigate the extraordinary claims wrought past times ObamaPlans, also every bit which were woefully underfunded.

Back inwards 2015, HealthyCT (that state's now-defunct Co-Op) received "more than $128 i M K also every bit covered exclusively 6,094 people – to a greater extent than than $21,000 per enrollee." And that still wasn't enough: they went under concluding summer.

But inwards a surprising (well, to me) development, Juris Capital (a "litigation funding theater ") is offering to infuse over $10 i M K "to the estate of HealthyCT." First, I've never heard the term "estate of" used inwards the context of an insurance company, but it genuinely does work, no?

And second, why they're throwing money downward that detail hole is pretty interesting, every fleck well: the failed insurer is soundless due over $30 i M K inwards RC funds; if those genuinely come upwards upward through, well, overnice payday for Juris Capital (of course, that's a big "if").

And they're at the mercy of ii different government entities: Constitution State insurance regulators who are suing the Feds. Not an appealing notion, but best of luck to Juris Cap.