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Barak A. Bassman Quoted in Fierce Healthcare Article, 'Fitch: Risk Adjustment Freeze Won't Hurt Credit Ratings for the Largest Insurers'

7/19/2018
Barak A. Bassman Quoted in Fierce Healthcare Article, 'Fitch: Risk Adjustment Freeze Won't Hurt Credit Ratings for the Largest Insurers'

Barak A. Bassman, a partner in the Health Sciences Department and Antitrust and Trial and Dispute Resolution Practice Groups of Pepper Hamilton, was quoted in the July 16, 2018 Fierce Healthcare article, "Fitch: Risk Adjustment Freeze Won’t Hurt Credit Ratings for the Largest Insurers."

The CO-OP that challenged the case, New Mexico Health Connections, is happy the payments have been put on hold, according to the insurer's attorney Barak Bassman, a partner with Pepper Hamilton LLP. But it doesn't want CMS to do away with the program altogether.

"This gives a real opening to CMS and the industry to really come up with a better solution and a better path going forward that will help consumers and the ACA," Bassman told Fierce Healthcare. "That's our end game. We want to make the ACA work better and want a risk adjustment [formula] that works right."

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