Study: Obamacare Is Not Collapsing
Insurer profits are up this year in Obamacare’s individual exchanges, according to a new report Monday - a sign that the market is stabilizing and that Republican claims of collapse have not come to pass.
The analysis by the nonpartisan Kaiser Family Foundation examined first-quarter earnings in 2017 and found insurance companies are paying a lower share of premiums out in medical claims than in any comparable period since the law went into effect.
The current mix of enrollees do not appear to be less healthy than in the past, an important factor in whether companies can turn a profit.
“These new data offer more evidence that the individual market has been stabilizing and insurers are regaining profitability,” the report’s authors wrote.