Republicans have been trying to get rid of the Affordable Care Act, or Obamacare as they named it, since it became law. Their plan to do so has failed time after time. Now, this new study might just make it harder for them to get rid of Obamacare.
According to a new study from the Kaiser Family Foundation, Obamacare markets are “stabilizing” and insurers are regaining profitability. This is completely opposite of what Republicans are saying about the ACA. Their argument is that ObamaCare markets are in a “death spiral” and “collapsing.”
“Early results from 2017 suggest the individual market is stabilizing and insurers in this market are regaining profitability,” the study finds. “Insurer financial results show no sign of a market collapse.”
Republicans seem so desperate to get rid of the ACA that they are willing to lie to the American public just so they favor their plan.
According to study, Insurers’ financial results have improved since the initial couple of years of the healthcare law.
The Hillshared an example of that:
“For example, it found that insurers in the first quarter of this year paid out 75 percent of their premiums in claims. That’s a significant improvement from the first quarter of 2015, when 88 percent of premiums were paid out for claims.”