While insurers have complained that participating in the Patient Protection and Affordable Care Act (PPACA) individual marketplace has largely been an unprofitable endeavor, we've heard far fewer complaints from them about the PPACA's dramatic expansion of Medicaid, which has turned out to be a major business opportunity for the biggest players in the insurance industry.
According to an analysis by Fitch Ratings, the expansion of Medicaid led to a 34 percent growth in Medicaid-related revenue for the insurance industry in 2014, the first full year of the PPACA.
The largest for-profit insurer in the country, UnitedHealth Group, is the leading Medicaid insurer as well. It took in 15 percent of the $115 billion in Medicaid premiums written in 2014.
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.
