Obamacare Continues Not to Fail

From the Wall Street Journal:

Insurers are expanding their Affordable Care Act plan offerings for next year, with the once-troubled business now generating profits, even as the overall individual-insurance market has shrunk.

The insurers’ moves reflect the business’ improved finances after sharp rate hikes in previous years helped revenues catch up to claims costs. Premium increases for 2020 so far appear likely to be moderate in many markets, after rates were relatively flat or even down this year, analysts and insurers said. “The market is now clearly stabilizing,” said Mario Schlosser, chief executive of Oscar. Oscar has proposed premium decreases in three states for next year.

Obamacare suffered some big premium increases in 2017 and 2018, but has since calmed down as gross margins improved and insurers started making money. There’s now some scope for reducing premiums or, at the least, seeing them stabilize for a few years.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

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