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IPFS News Link • Healthcare Industry

As Insurance Losses Mount So Do Refusals: "Sorry, We Don't Take Obamacare"

• mishtalk.com

Amazingly, the study concludes there's nothing to worry about because "30 percent of insurers nationwide were profitable."

Meanwhile, outright refusals to accept Obamacare mount. "Sorry, We Don't Take Obamacare" is now a frequent response.

Losses Pile Up

The Hill reports Study Shows ObamaCare Insurers' Losses Grew in 2015.

The study from McKinsey & Company finds that in 2014, insurers had a margin of minus-4.8 percent, translating to an overall loss of $2.7 billion on the individual health insurance market, which includes ObamaCare's marketplaces.

The study finds those losses roughly doubled in 2015 to between minus-9 and -11 percent margins, based on preliminary data.

Still, the study finds that not all insurers lost money. In 45 states, there was at least one profitable insurer in the market in 2014, and 30 percent of insurers nationwide were profitable.


www.universityofreason.com/a/29887/KWADzukm