by Katherine Restrepo
Director of Health Care Policy, John Locke Foundation
Maybe. As stated by Brad Wilson, CEO of the state’s largest health insurance company, 5 percent of Affordable Care Act (ACA) individual policyholders consumed $830 million in health care costs during year one of the law’s federal exchange rollout back in January 2014. From that population, the carrier received just $75 million in revenue from collected premiums and funding streams (two of which are temporary) to mitigate initial market instability for insurers participating on the exchange.
To date, the company has taken a $400 million hit on its ACA business.