Insurers have had mixed success with the state marketplaces created by the Patient Protection and Affordable Care Act, with some non-profit co-ops collapsing due to insufficient premium revenue and some for-profits insisting that they need to dramatically raise premiums to account for higher-than-expected claims.
But there's another big place for insurers to make money: Medicaid.
A new report by Strategy&, a division of consulting giant PricewaterhouseCoopers, finds that the federally-funded expansion of Medicaid that many states embraced under PPACA boosted enrollment in private insurance plans by 7.8 million.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
