Healthcare Insurers will make record profits on Obamacare ….

The argument that the Affordable Healthcare is broken is BULL SHIT…..

The argument about Repealing it?

Ridiculous …..

Strickly POLITICAL….

Insurers have finally figured out how to make money in the Obamacare markets: Charge more.

After taking a beating for three years, health plans jacked up their rates for 2017, with the average premium on the most popular products rising more than 20 percent. That created sticker shock for many Obamacare customers while putting many insurers on pace to record profits this year for the first time, according to a POLITICO analysis of 31 regional Blue Cross Blue Shield plans, many of which dominate Obamacare markets in their states.

But the turnaround comes just as Republican efforts to dismantle the health care law are creating new threats to the viability of the marketplaces. That leavesthe plans in a bewildering situation, trying to improve their margins while the GOP declares Obamacare a failure and mounts another push to dismantle the system, starting with rolling back the health care law’s individual mandate.

“The political narrative is over a market in crisis, and that’s just not how the market actually looks right now,” said Larry Levitt, senior vice president for special initiatives at the Kaiser Family Foundation, a nonpartisan research group. “At this moment, the individual insurance market looks quite stable and most insurers have achieved profitability.”

The POLITICO analysis shows that insurers, on average, spent 78 percent of premium revenues on customers’ medical claims through the first nine months of this year….

More….

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2 thoughts on “Healthcare Insurers will make record profits on Obamacare ….”

  1. No surprise….

    House Conservatives are thumbs down on the promise McConnell made to Sen Collins about passage of the Murray/Alexander compromise…..

    This has to be a critical situation for Collins AND the Tax cut/giveaway and Budget bill’s chances…
    If Collins joins Corker , who the GOPer’s haven’t even tried to persuade?

    Then Flake or ANYBODY sinks the tax cut/give away…..

    Pelosi has just reaffirmed that Dem’s WILL fight for DACA…

    Link….

  2. They made money?

    I should hope so.

    My insurance went up another 5%.

    And has now tripled over the last 4 years.

    I have no idea if this is because of ObamaCare or not.

    But there it is.

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