Monday, July 28, 2014

ObamaCare Turning Into Sweetheart Deal for Insurers. Losses Buoyed by Taxpayers

  • Enroll more people. 
  • Big surprise [wink, wink] they are sicker than expected.
  • No problem. Policyholders who pay for their insurance will offset insurer losses with increased premium taxes. 

Assurant's the latest to sit down at the trough. The below is from Allison Bell at Life Health Pro
... Patient Protection and Affordable Care Act (PPACA) market changes pumped up individual health sales at Assurant Inc. (NYSE:AIZ) during the second quarter but hurt profits. 
Company executives say their new insureds turned out to be somewhat less healthy than they had assumed when they priced the coverage. The company estimates it should get a total of $140 million in payments from the new PACA reinsurance an risk-adjustment programs. ...