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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNo Death Spiral: Insurers May Soon Profit From Obamacare Plans, Analysis Finds
By REED ABELSON at the NY Times
https://www.nytimes.com/2017/04/07/health/insurers-stem-losses-and-may-soon-profit-from-obamacare-plans.html?_r=1
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In contrast to the dire pronouncements from President Trump and other Republicans, the demise of the individual insurance market seems greatly exaggerated, according to a new financial analysis released Friday.
The analysis, by Standard & Poors, looked at the performance of many Blue Cross plans in nearly three dozen states since President Barack Obamas health care law took effect three years ago. It shows the insurers significantly reduced their losses last year, are likely to break even this year and that most could profit albeit some in the single-digits in 2018. The insurers cover more than five million people in the individual market.
After years in which many insurers lost money, then lost even more in 2015, we are seeing the first signs in 2016 that this market could be manageable for most health insurers, the Standard & Poors analysts said. The market is not in a death spiral, they said.
It is the latest evidence that the existing law has not crippled the market where individuals can buy health coverage, although several insurers have pulled out of some markets, including two in Iowa just this week. They and other industry specialists have cited the uncertainty surrounding the Congressional debate over the law, and the failed effort two weeks ago by House Republicans to bring a bill to the floor for a vote.
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democratisphere
(17,235 posts)The redumbliCONs lie so much, eventuality not even their base will believe them.
applegrove
(118,865 posts)Beartracks
(12,821 posts)That describes Republicans pretty well. Sure, yeah, they may be snowflakes and trying to turn the whole country into their "safe space," but "drama queens" really more accurately captures their day-to-day approach to everything from foreign policy to the so-called culture wars.
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Initech
(100,115 posts)Tortmaster
(382 posts)... to look up "the beginning of the end of ObamaCare" in quotes, and I got 8 pages of results. The best of the lot is John Oliver cataloging this morbid Republican prophesy. You can see it here, including, from the way long ago, dredged up just to make you feel icky, crazy Michele Bachmann:
What is happening is that the beginning of the end never actually begins to end, so the ending cannot begin. It's pretty simple really. If you can't end the beginning, then you'll never begin the ending. Admit it: That makes a lot of sense!
I hope any insurer that leaves the market, only to return a year or so later, finds all of its customers happy and gone forever.
Thanks, Obama!