Stories

Sam Baker Mar 21
SaveSave story

White House: Health insurers are doing just fine

Photo: Jim Watson/AFP/Getty Images

Health insurance companies are making money through the Affordable Care Act, despite the financial turmoil of the law’s first few years, the White House Council of Economic Advisers says in a new report. The findings are an implicit retort to critics who have accused the Trump administration of “sabotaging” the health care law.

The big picture: Axios has reported basically the same thing: Insurers are profitable overall, and many are profiting from their ACA business specifically. That said, the Trump administration’s policy changes really do have insurers on edge, and Congress’ imminent failure to pass a stabilization package would only make them more nervous — likely leading to even bigger premium hikes and a weaker market.