Highmark Cites Losses In Premiums Hike
Nonprofit health insurer Highmark says the federal government will owe it money for a second consecutive year and that the tens of millions of dollars in unreimbursed losses are a reason it is seeking to raise premiums.
Highmark spokesman
Highmark leaders have said the nonprofit insurer is still owed about
President
Although it was expected to cover claims in full annually, a congressional spending bill later stipulated that it could pay out only as much as was collected. Highmark and some other insurers have gone to court to force payment, but their cases are still pending. Final amounts the program will pay this year have not been determined, but officials said they expect everything will go to the 2014 shortfall.
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