U.S. Supreme Court to hear insurers’ bid for $12 billion in Obamacare money

By Nate Raymond (Reuters) - The U.S. Supreme Court on Monday agreed to decide whether insurers can seek $12 billion from the federal government under a program set up by the Obamacare law aimed at encouraging them to offer medical coverage to previously uninsured Americans. The justices will hear an appeal by a group of insurers of a lower court's ruling that Congress had suspended the government's obligation to make such payments

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