Study: Health Insurers Could Lose $1 Trillion if PPACA Falls
Matt Barry, a Bloomberg Government health analyst and the study's author, said in a Bloomberg report the $1 trillion that is on the line is roughly one-half of one percent of the nation's estimated gross domestic product from 2013 to 2020, but it represents about 9 percent of health insurance industry's total revenue during that same span.
UnitedHealth Group and the other largest commercial payors would keep about $174 billion for profit and administrative costs over that eight-year period, according to the report. Health insurers will gain the most through the health insurance exchanges, which will include subsidized private insurance premiums, and the Medicaid expansion.
"It's a confirmation of, one, how much money we're spending as a nation on healthcare; and two, how much is riding on this court case and the Supreme Court's decision," Mr. Barry said in the report. "You're talking an amount of money here that can affect the economy, not just an industry."
More Articles on Health Insurers:
© Copyright ASC COMMUNICATIONS 2016. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.