The Trump administration has once again pointed to health insurers’ robust stock market performance as proof that they are profiting from Obamacare.
The White House’s Council of Economic Advisers issued a report this week declaring that insurers have made a lot of money since the Affordable Care Act took effect, primarily thanks to large premium increases and generous federal funding of premium subsidies and Medicaid expansion. The release coincided with an unsuccessful attempt in the Senate to restore funding for a second set of Obamacare subsidies – which helped to reduce low-income enrollees’ deductibles and co pays – that President Donald Trump eliminated last fall.
