Wednesday, July 20, 2016
Commonwealth Fund Study Finds Only a Third of These Obamacare Insurers Made Money on Their Plans in 2014
It was hard to make money selling Obamacare health insurance in the first year. Next year might not be much easier.
A study issued Wednesday suggests that uncertainty about how to price Obamacare plans, as well inaccurate guesses about the health of potential customers led to well more than half of insurers losing money on the plans when they first were sold for 2014.
The report by the Commonwealth Fund also reveals that insurers who did the best selling Obamacare plans had average profits of only around 8.5 percent, while those who fared the worst financially had steep losses that averaged nearly 22 percent...