ObamaCare in action

[aphar]

From shortcircuit.org:
Health insurer: Under ObamaCare, we entered risky health insurance markets because we were promised we would receive billions of dollars to alleviate the risk. But the federal government isn’t sending us the money! ($12 bil or more is on the line). Trump Administration: The Obama Administration may have been willing to make payments even though Congress never appropriated the money, but we won’t. Federal Circuit: No money for you, insurers. By not appropriating the money for the “risk corridor” payments, Congress made a decision to suspend the government’s obligation to pay.

Now, the "Health insurer" in question has two options: (1) bankruptcy or (2) collecting the $12B from the other insured in premiums. IOW, USG is doing "wealth redistribution" using the "Health insurer" instead of the IRS. Is it even legal?

IMHO, what happened was the "worst of all worlds": a regressive tax to pay for the universal health care.