Insurer Profits Up With Obamacare: Report - NECN

Insurer Profits Up With Obamacare: Report

The new information suggests the insurance market is stabilizing

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    NEWSLETTERS

    Senate Majority Leader Mitch McConnell spoke briefly with reporters after a meeting at the White House with President Donald Trump, Vice President Mike Pence and Republican senators. (Published Tuesday, June 27, 2017)

    Insurer profits are up this year in Obamacare’s individual exchanges, according to a new report by the nonpartisan Kaiser Family Foundation.

    As NBC News reported, the analysis found insurance companies are paying a lower share of premiums out in medical claims than in any period since the Affordable Care Act went into effect, without any significant difference in the health of the group measured.

    The new information suggests the insurance market is stabilizing, despite claims from Republicans that Obamacare is collapsing.

    However, some insurers have submitted significant premium increases or pulled out of the market, which experts say could be related to uncertainty over health care legislation.

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