Read the eNewspaper
Topics

Healthcare Policies and Laws

Evergreen Health to pay $24 million under Affordable Care Act program

Evergreen Health to pay $24 million under Affordable Care Act program

Evergreen Health Cooperative must pay $24.2 million to its biggest competitor because of an Affordable Care Act program that aims to level the playing field for insurers taking on riskier customers from state health insurance exchanges.

Evergreen, an innovative insurer established under the new law by former Baltimore Health Commissioner Peter Beilenson, is not alone in having to pay for its healthier clients. Kaiser Permanente of the Mid-Atlantic States owes $14.7 million and Aetna will shell out $11.8 million.

CareFirst BlueCross BlueShield, the state's largest insurer, meanwhile, will receive $50.7 million — all but $1 million of the total amount being paid out to...

75°