Blog & Reviews

Health insurers make bank with Obamacare

Apr 14, 2017 | Blog | 0 comments

The nation’s five largest health insurance firms have garnered profits of $65.5 billion since Obamacare passage, according to their SEC filings. Between 2011 and 2015, UnitedHealth made the highest profits, $27.8 billion. Anthem was second at $12.9 billion, followed by Aetna ($10.0 billion), Cigna ($8.6 billion), and Humana ($6.3 billion). Health insurers have cited losses as their reason for major withdrawals from the marketplace, forcing 1.5 million enrollees to switch plans in 2017 and leaving 10 states with only one or two insurers on their exchanges.