The Hill reported that health insurers are finding success in ObamaCare this year despite Trump’s continued attempts to sabotage the insurance market. Health insurers are planning to expand their offerings in many states, defying expert’s predictions. For example, new insurance startup Oscar Health filed to sell ObamaCare plans in Florida, Arizona and Michigan for the first time, and will enter new markets in Ohio, Tennessee and Texas. Some smaller insurers are also entering the market, such as Bright Health in Tennessee and Presbyterian Healthcare in New Mexico. It will be the first time Bright Health is selling plans in Tennessee, while Presbyterian is returning to the state exchange after leaving in 2016.
Experts have been hailing these developments, saying that insurers have finally figured out how to become profitable in the ObamaCare marketplace. “We have finally reached the point where insurers are making money in the [ObamaCare] marketplaces,” said Larry Levitt, a senior vice president at the Kaiser Family Foundation.
“If not for the still significant political and legal uncertainty, we’d be seeing a very robust market right now,” he said.
Insurers are pointing the finger at Trump’s changes to ObamaCare, arguing they will pull healthier people out of ObamaCare’s exchanges. Premiums this year are reflecting that uncertainty. Democrats have pounced on premium increases ahead of the midterm elections. With the GOP now in control of government, Trump and congressional Republicans will shoulder the blame for the hikes.