Insurance Companies Profits Under Obamacare

For example optima health the only insurer on the virginia exchange in 2018 posted record profits after tripling.

Insurance companies profits under obamacare. Under obamacare the ten largest health insurers annual profits have risen to 15 billion. Insurance companies profit from obamacare no one can reasonably deny that the major insurance companies were the driving force behind the writing of the affordable care act legislation. They were so successful in fact that a frequent criticism of obamacare is that it s just a giveaway to the health insurance industry. The health insurance industry that has come under attack from bernie sanders elizabeth warren and other democrats running for their party s nomination for the presidency is enjoying a golden.

That didn t profitably sell obamacare plans largely dropped out of the market by last. Unitedhealth ironically appears to. This group includes major players such as unitedhealth group wellpoint humana aetna and cigna each of which is large enough to belong to the fortune 100. Consumers are probably entitled to millions of dollars in rebates under obamacare rules that cap companies profits.

Another big change not shown in the data. Health insurance companies spent a lot of money lobbying to make sure they d profit from the eventual system. Health insurance can be confusing. But the claim that corporations are losing money on obamacare ignores the record breaking profits and compensation packages that health insurers continue to collect.

The nation s largest insurers like anthem and unitedhealth had second quarter. Health insurance agencies have profited handsomely from the affordable care act. This is another fine example of the natural alliance between big government and big business which. Take the affordable care act aka obamacare.