A new federal report estimates that 65% of small firms will pay more for employee health insurance as a result of Obamacare while the remaining 35% will see premiums drop (Los Angeles Times).
As a result of buoying growth stemming from newly insured, government subsidized subscribers, insurance giant Aetna reported this week it expects revenue to double by the end of the decade. Other insurance companies are raising profit forecasts as well (Forbes).
A recent study concluded that mass cancellations of insurance plans were not a direct result of Obamacare, but rather a typical turnover of the health insurance market (CBS).
The Affordable Care Act is forcing small business owners to reevaluate their plans moving forward. Some are restructuring the way they operate, reducing employee work hours and laying off workers while others are weighing whether or not to pay a penalty instead of offering coverage (Wall Street Journal).
Despite strong reported Obamacare enrollment numbers, millions of Americans are slipping to the “coverage gap.” They make too much money to qualify for Medicaid benefits, but don’t make enough to qualify for federal subsidies for private insurance found on the exchanges (CNN).
