It also mandated people buy coverage and let them have 20% overhead which is absurdly high. Marketplaces added subsidies for buying insurance, which is ultimately a benefit to the insurance company. It also expanded Medicaid, which pays out tons to insurance companies through HMO plans. It also gave them justification to raise rates, as they now had to cover more things.
Covering kids until 26 is nice, but it’s basically free from the insurance company perspective. Covering pre-existing conditions is a negative, but there’s still room to increase premiums from it. The overall affect of the bill was positive for insurance companies.
It also mandated people buy coverage and let them have 20% overhead which is absurdly high. Marketplaces added subsidies for buying insurance, which is ultimately a benefit to the insurance company. It also expanded Medicaid, which pays out tons to insurance companies through HMO plans. It also gave them justification to raise rates, as they now had to cover more things.
Covering kids until 26 is nice, but it’s basically free from the insurance company perspective. Covering pre-existing conditions is a negative, but there’s still room to increase premiums from it. The overall affect of the bill was positive for insurance companies.
Which got dropped fast, which I think is good, myself, for the reason you stated next: