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Insurers reporting strong profits on Obamacare plans

One prominent health insurance provider reported earnings of $1.3 billion in 2017 and said it grew its membership by 315,000.

Chart showing growth Health Care Service Corporation, one of the country’s largest Blue Cross-Blue Shield operators, reported earnings of $1.3 billion in 2017 and said it grew its membership by 315,000. (Photo: Shutterstock)

Despite a concerted assault on the law by President Trump and Congress, the Affordable Care Act appears to be doing pretty well.

Not only do polls show that the health law is more popular than ever, but a number of insurers are reporting strong profits from their Obamacare business.

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