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Expand chart
Reproduced from Kaiser Family Foundation; Chart: Axios Visuals

Insurers on the individual market are expected to pay a record total of about $800 million in rebates to enrollees, a result of setting their premiums too high last year, according to a new Kaiser Family Foundation analysis.

  • Insurers raised premiums in 2018 by an average of 26% — a response to political uncertainty surrounding the Affordable Care Act.
  • But instead of market chaos, insurers saw their best financial performance yet under the ACA, as per-person claims rose by only 7%.
  • Utilization also remained steady in 2018, meaning healthy people didn't flee the marketplace.

The big picture: The analysis suggests that the ACA marketplaces are stable and profitable for insurers, even if individual market enrollees tend to be sicker than they were pre-ACA.

The bottom line: Despite all of the worrying about the Trump administration's policies, this is "not exactly a market that’s collapsing," Kaiser's Larry Levitt tweeted.

Go deeper: Taking stock of Trump's drug rebate proposal

Go deeper

Dion Rabouin, author of Markets
Updated 3 hours ago - Economy & Business

Our make-believe economy is here to stay

Illustration: Eniola Odetunde/Axios

The Federal Reserve and global central banks are remaking the world's economy in an effort to save it, but have created something of a monster.

Why it matters: The Fed-driven economy relies on the creation of trillions of dollars — literally out of thin air — that are used to purchase bonds and push money into a pandemic-ravaged economy that has long been dependent on free cash and is only growing more addicted.

Mike Allen, author of AM
4 hours ago - Politics & Policy

Why Trump may still fire Barr

Photo: Jabin Botsford/The Washington Post via Getty Images

Attorney General Barr may be fired or resign, as President Trump seethes about Barr's statement this week that no widespread voter fraud has been found.

Behind the scenes: A source familiar with the president's thinking tells Axios that Trump remains frustrated with what he sees as the lack of a vigorous investigation into his election conspiracy theories.

Mike Allen, author of AM
4 hours ago - World

Scoop: Trump's spy chief plans dire China warning

Xi Jinping reviews troops during a military parade in Beijing last year. Photo: Thomas Peter/Reuters

Director of National Intelligence John Ratcliffe on Thursday will publicly warn that China's threat to the U.S. is a defining issue of our time, a senior administration official tells Axios.

Why it matters: It's exceedingly rare for the head of the U.S. intelligence community to make public accusations about a rival power.