Financial statements from Kaiser Foundation Health Plan of the Northwest, Regence BlueCross BlueShield and Providence Health Plan show significant market gains in the first half of 2016, reports Portland Business Journal.
Kaiser posted a net income of $40.9 million in the first half of the year compared to a net loss of $13 million for the same period in 2015.
Regence BlueCross BlueShield reported a $3 million profit compared to a $4 million loss for the same period last year. Providence posted a $3.5 million profit compared to a $12 million loss.
The financial reports are encouraging news to other stakeholders in the insurance market who incurred significant losses on Affordable Care Act exchanges, according to the article.