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Medicare Is Simple
Monday, July 25, 2016
Group Insurers Earned a 2.5% Profit in 2014
The Commonwealth Fund recently conducted an analysis comparing projected and
actual financial performance for health insurance companies under the ACA in
2014. Here are some key findings from the report:
·Medical claims were 2%
higher in 2014 than insurers first projected.
·Within the individual
market, health insurers incurred losses of 4% of premiums.
·Group insurers earned
a profit of almost 2.5% in 2014.
·More than a third of
insurance companies improved/remained profitable from 2013 to 2014.
coverage, medical claims were 5.7% higher than projected ($429 vs. $406 pmpm).
claims were offset by $7.9 billion in reinsurance payments from the government.