THE HEALTH CARE INDUSTRY CASHES IN A YEAR AFTER THE OBAMACARE ROLLOUT
A year after the disastrous launch of the healthcare.gov website, health insurance companies and medical care providers report a more promising profits as third quarter earnings emerge.
Even though the next open enrollment period for Americans who are uninsured and are seeking coverage under ObamaCare does not start until November, people are still enrolling in the expanded Medicaid insurance for poor individuals under the Affordable Care Act in droves. Unlike the open enrollment period for the private coverage purchases on the healthcare exchange, those who are eligible are allowed to sign up for Medicaid coverage all year long.
The influx of every newly insured individuals, mainly as more local and state governments seek put private insurers to administer Medicaid benefits has become October’s surprise in regards of health insurance profits.