Health insurers prob­a­bly lost less money on in­di­vid­ual in­sur­ance plans in 2016 than they did the year be­fore, but those losses still to­taled bil­lions of dol­lars. Insurers sell­ing plans in the in­di­vid­ual mar­ket on and off the ex­changes lost be­tween 7% and

Modern Healthcare - - LATE NEWS -

of pre­mi­ums, com­pared with 10.1% of pre­mi­ums in 2015, ac­cord­ing to a re­port re­leased Fri­day by con­sul­tancy McKin­sey & Co. That’s be­cause en­roll­ment in­creased in in­di­vid­ual plans last year, so insurers saw in­creases in rev­enue, ac­cord­ing to the re­port. In ag­gre­gate, insurers lost be­tween $5.5 bil­lion and $7.5 bil­lion in 2016, com­pared with $7.2 bil­lion in 2015.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.