Thursday, August 20, 2015
Nonprofit Insurers Lose on Medicare Under New Obamacare Rules
New York State has in many ways been a showcase for things that have gone right with Obamacare. The rollout of the state-run health insurance exchange went relatively smoothly and registered patients at a clip well ahead of the national average. Supporters say the exchange’s 2.1 million enrollees are proof positive that the law is increasing consumer choice and fostering a competitive marketplace.
But there have also been some surprising wrinkles here. One is that the Affordable Care Act seems to be having a negative impact on the bottom lines of nearly all of New York’s nonprofit regional health plans, many of which offer coverage in underserved parts of western and upstate New York....